ABSTRACT
The earliest study about risk and its management is in BC. Today, risk and its management theories are more and more mature. But the studies about legal risk and its management research started at the beginning of this century, which is still a hot research up to now. Crouhy (2005) attributed the legal risk together with market risk, credit risk and liquidity risk into the bank risk to manage. Xiang & Chen (2006) carried preliminary discussion on the enterprise legal risk assessment, introduced risk value method and risk income method into legal risk rating, and proposed the risk of default method.
