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. 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. Piercing the corporate veil in regulated industries douglas g smith george mason university school of law brigham young university law review forthcoming george mason university law and economics research paper series. Piercing the llc veil brba business corporate law section seminar june 12 2014 dale r baringer the baringer law firm 201 saint charles street baton rouge la 70802 ph 225 383 9953 dalebaringerlawfirmcom wwwbaringerlawfirmcom veil piercing in business corporations. 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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