Comparative Look at Reverse Piercing of Corporate Veil

ABSTRACT:

The whole premise and primary advantage of going through the rigors of drafting incorporation documents and filing the requisite forms are to form an entity with an identity separate and distinguishable from that of its members, it is a registered association of persons solely incorporated to create a status of this entity being recognized as an artificial legal person distinct from its members existing in perpetuity.

Most advantages are exploited by people with ill intentions to conduct malicious acts that must lead to the discovery of loopholes and the creation of legal doctrines, tests, and principles to be applied by various courts of law.

This article intends to best explain the concept of reverse piercing of the corporate veil of an entity with the context of precedents passed in various nations’ jurisdictions coupled with a showcase of consolidated research of a range of legal practitioners and scholars.

The desired result is for the reader to have clarity on the difference in the event individuals are held liable for the actions committed by them behind the corporate veil as compared to corporations being held liable for actions of the actions of individuals affecting their corporate veil.

Full paper published by the Indian Journal of Integrated Research in Law available at:

https://ijirl.com/wp-content/uploads/2023/02/COMPARATIVE-LOOK-AT-REVERSE-PIERCING-OF-CORPORATE-VEIL-ACROSS-JURISDICTIONS.pdf

Art: "Photogravure" by Karel Klíč 1848.