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The legitimacy of unsecured creditors protection through the lens of corporate social responsibility

journal contribution
posted on 2023-06-08, 14:18 authored by Jingchen Zhao, Shuangge Wen
In this article, the protection of unsecured creditors as a special group of stakeholders will be discussed from a progressive viewpoint, linking their position to the concept of Corporate Social Responsibility (CSR). CSR has been gaining impetus globally in the last two decades by promoting stakeholder- and society-friendly innovations and changes in governmental policies and business operations, and by promoting enforceable improvements in future strategic plans. The adoption of CSR principles results in a movement away from the separate consideration of the position of individual constituencies towards a broader and more philosophical consideration of the function of corporations in society, a change in focus in the UK to emphasise the long-term interests of corporations. With reference to the current legal inefficiencies, this paper addresses itself to the necessity of protection for unsecured creditors as a disadvantaged group of stakeholders in various insolvency regimes, and examines ways to expatiate this. The impetus gained from progressive discussions of CSR will provide a platform for future legislative reform and result in further protection for unsecured creditors.


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  • Published


Journal of Business Law




Sweet & Maxwell



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  • Law Publications

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  • Yes

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