Contextualizing Legal Norms—A Multi-dimensional View of the 2014 Legal Capital Reform in China

This paper intends to shed light on the contentious theme of the reception of legal transplantation in the host environment, by examining the 2014 legislative reform of legal capital in China, which at least on paper imitates the enabling settings of U.S. Revised Model Business Corporation Act (RMBCA). The paper looks at the interconnections between national-specific contextual elements, the resultant complexities, and the spillover effects of transplanted configurations in the unique Chinese socio-cultural setting, implicating the discrepancy between the “law in practice” and the borrowed words “on the books”, and suggesting the importance of gaining a holistic understanding of “law” involving the legal traditions in both the donor country and the recipient nation.