TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

LIFT CORPORATE VEIL [1 record]

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

Save record 1

Copyright notice for the TERMIUM Plus® data bank

© Public Works and Government Services Canada, 2021
TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
A product of the Translation Bureau

Features

Language Portal of Canada

Access a collection of Canadian resources on all aspects of English and French, including quizzes.

Writing tools

The Language Portal’s writing tools have a new look! Easy to consult, they give you access to a wealth of information that will help you write better in English and French.

Glossaries and vocabularies

Access Translation Bureau glossaries and vocabularies.

Date Modified: