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Pierce the corporate veil (See Chapter 46 of the Vernimmen)
A judge will "pierce the corporate veil" when he believes that, though a limited liability corporate was the party being for instance bankrupt, in fact this company was merely an instrument to carry out a fraud on behalf of its Shareholders. In that case, the judge will held the Shareholders directly responsible.
Pierce the corporate veil (See Chapter 46 of the Vernimmen)
A judge will "pierce the corporate veil" when he believes that, though a limited liability corporate was the party being for instance bankrupt, in fact this company was merely an instrument to carry out a fraud on behalf of its Shareholders. In that case, the judge will held the Shareholders directly responsible.
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