Piercing the corporate veil or lifting the corporate veil is a legal decision to treat the rights or duties of a corporation as the rights or liabilities of its shareholders usually a corporation is treated as a separate legal person which is solely responsible for the debts it incurs and the sole beneficiary of the credit it is owed. Commentary piercing the corporate veil under pennsylvania law in its simplest form the piercing of the corporate veil is an equitable remedy available to the creditors of corporate entities to . Piercing the corporate veil european company law series karen vandekerckhove on amazoncom free shipping on qualifying offers when courts pierce the corporate veil they disregard the separateness of the corporation and hold a shareholder responsible for the corporations action as if it were the shareholders own. This is also known as piercing the corporate veil it is well settled that california courts can pierce the corporate veil when both of the following two requirements are met unity of interests the shareholders in question have treated the corporation as their alter ego rather than as a separate entity and. In conducting the research for their paper which is titled the three justifications for piercing the corporate veil macey and mitts performed a sophisticated data analysis on more than 9000 opinions in search of instances where plaintiffs succeeding in uncovering the owners behind a corporate form
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