Piercing the Corporate Veil legal decision to treat the rights or duties of a corporation as the rights or liabilities of its shareholders. Usually a corporation is treated as a separate legal person, which is solely responsible for the debts it incurs and the sole beneficiary of the credit it is owed. Common law countries usually uphold this principle of separate personhood, but in exceptional situations may "pierce" or "lift" the corporate veil.
Theories of Piercing the Corporate Veil Juristic Persons (Corporations) vs. Individual Investors/Shareholders Separate Entity Responsibility/Liability “Corporate Veil” = Limited Liability เท่าจำนวน หุ้นที่ค้างชำระ Traditional
Exceptions: CVP 1.Statutory Veil-Piercing Substantive Legal Rules / Statutes Predictability 2.Alter Ego--- "the other I" / Instrumentality Analysis and Other No Statutes Parent – Subsidiary Relationships: Agency Or Common Identity, Majority FACTORS: Identities, Formalities, Status of Corporate Affiliates Justified
3.Veil-Piercing Under the Economic Enterprise or Business Theory – A unity of purpose and “conduct interrelated operations as part of an integrated enterprise under common direction directed at the maximization of return for the group as a whole” – FACTORS: Centralized control & economic integration, organization, market, & public identification as a unitary company