+46 8 791 8944 support@translegal.com

pierce the corporate veil verb


where a shareholder or director of a company may be held liable (=legally responsible) for a company's debts or liabilities despite the general principle that a company's shareholders and employees are immune from civil lawsuits filed against it
Judge Gordon ordered that the corporate veil be pierced on a list of Palmer's companies so they could be properly investigated.
Business (Corporate) Law/Company Law

This is a limited preview!

To see an example of a full dictionary entry click one of the example entries

jurisdiction consideration principal

Other

Phrase Bank

Additional Notes