Limited Liability of Shareholders- Creditor Protection through Piercing the Corporate Veil

Dátum
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Kötet címe (évfolyam száma)
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Absztrakt

This thesis considers the meaning of the legal personality of companies and the separateness of the company from the shareholders and parent company. Then, it reviews the historical background of the concept of a distinction between the company and its shareholders. Furthermore, this thesis is elaborated piercing the corporate veil doctrine as an exception of the principle that shareholders and parent company are not liable for the obligations that the company has. Here is shown the difference between the traditional piercing the corporate veil doctrine and the reverse piercing the corporate veil doctrine. Also in this thesis are scrutinized the factors that convince courts to disregard the legal personality of the company and find liable shareholders or parent company. Moreover, it also considers the application of the piercing the corporate veil doctrine from international commercial arbitration.

Leírás
Kulcsszavak
Liability, Piercing the corporate veil
Forrás
Gyűjtemények