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Piercing the Corporate Veil
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High Quality Content by WIKIPEDIA articles! Piercing the corporate veil describes a legal decision to treat the rights or duties of a corporation as the rights or liabilities of its shareholders or directors. 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 set up a company which competed with his former company, technically it would be the company and not the person competing.
Weitere Informationen
- Allgemeine Informationen
- GTIN 09786130343125
- Editor Lambert M. Surhone, Miriam T. Timpledon, Susan F. Marseken
- Sprache Englisch
- Größe H220mm x B150mm x T6mm
- Jahr 2010
- EAN 9786130343125
- Format Kartonierter Einband
- ISBN 978-613-0-34312-5
- Titel Piercing the Corporate Veil
- Untertitel Legal Person, List of United States Supreme Court Cases, Volume 118, Paul v. Virginia, Contract, Limited Liability, Shareholder, General Partnership, Foreign Corporation
- Gewicht 155g
- Herausgeber VDM Verlag Dr. Müller e.K.
- Anzahl Seiten 92
- Genre Wirtschaft
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