Cover; Half Title; Series Information; Title Page; Copyright Page; Table of contents; Figures; Tables; Legislations; Cases; Abbreviations; Preface; Acknowledgements; 1 Introduction; Notes; 2 The agency problems in private equity organizations; 2.1 Introduction; 2.2 The nature of the firm and agency problems in private equity organizations; 2.2.1 The contractual theory of the firm in the context of social transformation; 2.2.1.1 The firm as a 'nexus of contracts'; 2.2.1.2 The statutory form of firms as standardized contracts; 2.2.2 The agency problems in private equity investments

2.3 Fiduciary duties as solvers to agency problems in business organization law2.3.1 Fiduciary duties as default rules in commercial law; 2.3.2 The limitations of the fiduciary duty regime; 2.3.2.1 The uncertainty in the application of fiduciary duties; 2.3.2.2 The barrier to the legal transplantation of fiduciary duties; 2.4 The political economy of China's private equity sector; 2.4.1 The economic and financial transitions in contemporary China; 2.4.2 The status quo of private equity in China; 2.4.3 The role of State in Chinese Private Equity Industry

2.5 Agency problems of private equity and limitations of the judiciary in China2.6 The methodological aspects of the research: a response to Chinese economy; 2.6.1 The appropriateness of the theoretical foundation; 2.6.2 The appropriateness of the referential system for analysis; Notes; 3 The protection for limited partners of private equity limited partnerships; 3.1 Introduction; 3.2 The features of limited partnerships: historical and legal-economic analysis; 3.2.1 The origins of limited partnership in the history of English law

3.2.2 The legal-economic analysis of limited partnerships: security and efficiency3.2.2.1 The moderate separation of ownership and control; a. The exclusion of unprofessional intervention: Management efficiency; b. The profit sharing between GPs and LPs: Reduction of agency costs; 3.2.2.2 Organic bond of limited and unlimited liabilities: transaction security; a. Limited liability of contributors: Efficient fundraising; b. Unlimited joint and several liabilities of controllers: Efficient management; 3.3 The landscape of China's PE limited partnerships

3.3.1 Chinese legislators' early attitude towards limited partnerships (1990s)3.3.2 Early practices of limited partnerships in China's PE market (2001-2005); 3.3.3 The limited partnerships under the new Partnership Law (2006-2010s); 3.3.3.1 Basic principles of limited partnerships in China; 3.3.3.2 An overview of the PE limited partnership in contemporary China; 3.4 The risks in the governance of private equity limited partnerships in China; 3.4.1 The ineffective unlimited liability deterrence of the practitioners of GPs