chapter  4
22 Pages

The influence of Chinese social traditions and legal culture in the development of corporate law and regulations

Culture, as an all-embracing concept, is a highly problematic term.1 As such, the concept of culture is too elastic and multifaceted to be useful without narrowing it down to more specific and observable aspects. Even different components of culture such as ‘legal culture’ defy simple generalisation without slipping into vagueness and tautology.2 According to Friedman, legal culture ‘refers to ideas, values, expectations and attitudes towards law and legal institutions, which some public or some part of the public holds’.3