deep rock doctrine

Deep Rock doctrine. Bankruptcy. The principle by which unfair or inequitable claims presented by controlling shareholders of bankrupt corporations may be subordinated to claims of general or trade creditors. • The doctrine is named for a corporation that made fraudulent transfers to its parent corporation in Taylor v. Standard Gas & Elec. Co., 306 U.S. 307, 59 S.Ct. 543 (1939). [Cases: Bankruptcy 2968. C.J.S. Bankruptcy § 264.]

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词条贡献者

译员Bernardine，毕业于英国顶尖的高级翻译学院，专注翻译各种与医疗保健及生命科学有关的法律文件。