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LIFT CORPORATE VEIL [1 record]

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Record 1 2017-03-29

English

Subject field(s)
  • Commercial and Other Bodies (Law)
CONT

Most business people understand that a company is a separate legal "person" from its members and, by its creation, limits the personal liability of any individual officer, director or shareholder for its behavior. This legal principle has been around since the 1800s, established in the now famous English House of Lords case, Salomon v Salomon. It is not always applied by the courts, however, and there are certain circumstances where the courts will "look behind" or "lift the corporate veil" to find individuals responsible for bad company acts.

French

Domaine(s)
  • Organismes commerciaux ou non (Droit)

Spanish

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