Alternative creditor -protection device instead of Legal Capital System

法律的资本制度在美国早在近三十年前就被放弃了，因为它不能有效地保护公司债权人的利益。在日本和欧洲国家，人们也对资本金制度的有效性表示怀疑，从有效的资产管理和促进新企业进入的观点出发，对废除法律的资本金制度进行了探讨。因此，通过本文的研究，思考有什么样的替代法律的资本制度的有效手段来保护债权人。首先，在欧洲各国，信用保险是出售的。在英国，为了保护债权人，有公司董事丧失资格制度。在美国，债权人可以通过评级机构等手段来保护自己，而在日本，信用保险和评级机构等手段也开始发挥作用，因此，日本已经具备了废除法律的资本制度的基础，必须废除该制度。

Supposing that it is not effective device to protect companies' creditors, legal capital system is abandoned in America nearly thirty years ago. Also in Japan and European countries, its effectiveness is doubted and from the viewpoint of effective asset management and promotion of new entry, abolishment of legal capital system is examined. So, by this research, it is considered, what kind of effective alternative device to protect creditors are there in place of legal capital system. First, in the various European countries, Credit Insurance is sold. In England, there is Companies Directors' Disqualification to protect creditors. And in America, by the use of method, such as Rating Agency, creditors can protect themselves.In Japan, recently, Credit Insurance and Rating Agency have become to be used.So, It is concluded that the foundation to abandon Legal Capital System is built up now in Japan, so it must be abolished.