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- Piercing_the_corporate_veil abstract "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. Common law countries usually uphold this principle of separate personhood, but in exceptional situations may "pierce" or "lift" the corporate veil. A simple example would be where a businessman has left his job as a director and has signed a contract to not compete with the company he has just left for a period of time. If he sets up a company which competed with his former company, technically it would be the company and not the person competing. But it is likely a court would say that the new company was just a "sham", a "fraud" or some other phrase, and would still allow the old company to sue the man for breach of contract. A court would look beyond the legal fiction to the reality of the situation.Despite the terminology used which makes it appear as though a shareholder's limited liability emanates from the view that a corporation is a separate legal entity, the reality is that the entity status of corporations has almost nothing to do with shareholder limited liability. For example, English law conferred entity status on corporations long before shareholders were afforded limited liability. Similarly, the Revised Uniform Partnership Act confers entity status on partnerships, but also provides that partners are individually liable for all partnership obligations. Therefore, this shareholder limited liability emanates mainly from statute.".
- Piercing_the_corporate_veil wikiPageExternalLink displayAbstract?fromPage=online&aid=1473344.
- Piercing_the_corporate_veil wikiPageExternalLink 796812.
- Piercing_the_corporate_veil wikiPageExternalLink 56C2d576.htm.
- Piercing_the_corporate_veil wikiPageExternalLink 29.html.
- Piercing_the_corporate_veil wikiPageExternalLink 1118398.
- Piercing_the_corporate_veil wikiPageID "1549333".
- Piercing_the_corporate_veil wikiPageRevisionID "602109258".
- Piercing_the_corporate_veil hasPhotoCollection Piercing_the_corporate_veil.
- Piercing_the_corporate_veil subject Category:Business_organizations.
- Piercing_the_corporate_veil subject Category:Corporations_law.
- Piercing_the_corporate_veil subject Category:United_Kingdom_company_law.
- Piercing_the_corporate_veil type Abstraction100002137.
- Piercing_the_corporate_veil type Business108061042.
- Piercing_the_corporate_veil type BusinessOrganizations.
- Piercing_the_corporate_veil type Enterprise108056231.
- Piercing_the_corporate_veil type Group100031264.
- Piercing_the_corporate_veil type Organization108008335.
- Piercing_the_corporate_veil type SocialGroup107950920.
- Piercing_the_corporate_veil type YagoLegalActor.
- Piercing_the_corporate_veil type YagoLegalActorGeo.
- Piercing_the_corporate_veil type YagoPermanentlyLocatedEntity.
- Piercing_the_corporate_veil comment "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. Common law countries usually uphold this principle of separate personhood, but in exceptional situations may "pierce" or "lift" the corporate veil.".
- Piercing_the_corporate_veil label "Desconsideração da personalidade jurídica".
- Piercing_the_corporate_veil label "Durchgriffshaftung".
- Piercing_the_corporate_veil label "Levantamiento del velo".
- Piercing_the_corporate_veil label "Odpowiedzialność przebijająca".
- Piercing_the_corporate_veil label "Piercing the corporate veil".
- Piercing_the_corporate_veil label "Superamento della personalità giuridica".
- Piercing_the_corporate_veil label "法人格否認の法理".
- Piercing_the_corporate_veil sameAs Durchgriffshaftung.
- Piercing_the_corporate_veil sameAs Levantamiento_del_velo.
- Piercing_the_corporate_veil sameAs Superamento_della_personalità_giuridica.
- Piercing_the_corporate_veil sameAs 法人格否認の法理.
- Piercing_the_corporate_veil sameAs 법인격부인론.
- Piercing_the_corporate_veil sameAs Odpowiedzialność_przebijająca.
- Piercing_the_corporate_veil sameAs Desconsideração_da_personalidade_jurídica.
- Piercing_the_corporate_veil sameAs m.059k_v.
- Piercing_the_corporate_veil sameAs Q179050.
- Piercing_the_corporate_veil sameAs Q179050.
- Piercing_the_corporate_veil sameAs Piercing_the_corporate_veil.
- Piercing_the_corporate_veil wasDerivedFrom Piercing_the_corporate_veil?oldid=602109258.
- Piercing_the_corporate_veil isPrimaryTopicOf Piercing_the_corporate_veil.