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Essay

The Veil Doctrine In Company Law

Essay specific features

 

Issue:

Business

 

Written by:

Daniel B

 

Date added:

January 15, 2016

 

Level:

University

 

Grade:

A

 

No of pages / words:

25 / 6742

 

Was viewed:

311 times

 

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Essay content:

By this doctrine (limited liability), a shareholder can only lose only what he or she has contributed as shares to the corporate entity and nothing more. Nevertheless, there is a major exception to the general concept of limited liability. There are certain circumstances in which courts will have to look through the corporation, that is, lift the veil of incorporation, otherwise known as piercing the veil, and hold the shareholders of the company directly and personally liable for the obligations of the corporation...
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By this doctrine (limited liability), a shareholder can only lose only what he or she has contributed as shares to the corporate entity and nothing more. Nevertheless, there is a major exception to the general concept of limited liability. There are certain circumstances in which courts will have to look through the corporation, that is, lift the veil of incorporation, otherwise known as piercing the veil, and hold the shareholders of the company directly and personally liable for the obligations of the corporation...
displayed 300 characters

General issues of this essay:
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