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doctrine of piercing the corporate veil (Under the doctrine of piercing the corporate veil, the courts may decide not observe the separation of the corporate entity from its stockholders, and it may deem the corporation's acts to be those of the persons or organizations actually controlling the corporation. This is based upon a finding by the court that the corporate form is used to perpetuate a fraud, circumvent a statute, or accomplish some other wrongful or inequitable purpose.  uslegal.com Alexander Demidov); doctrine of lifting the corporate veil (In the doctrine of 'Lifting the Corporate Veil', the law goes behind the mask or veil of incorporation in order to determine the real person behind the mask of a company. One of the main motivations for forming a corporation or company is the limited liability it offers its shareholders. The doctrine of lifting the corporate veil was cemented into modern company law by the celebrated case of Salomon v Salomon , where the House of Lords in ... Alexander Demidov) |
