The Enforcement of Environmental Damages Judgement as a Basis for Piercing the Corporate Veil within a Corporate Group
The Enforcement of Environmental Damages Judgement as a Basis for Piercing the Corporate Veil within a Corporate Group
Author(s): Tomasz TomczakSubject(s): Law, Constitution, Jurisprudence
Published by: Wydawnictwo Uniwersytetu Śląskiego
Keywords: enforcement of judgements; corporate veil; corporate group; environmental damages; chevron case
Summary/Abstract: The present article, on the basis of the high-profile Chevron case, rethinks the principle of corporate veil within a corporate group. It tries to convince the reader that a plaintiff holding an environmental damages judgement should be able to enforce it against any company in the corporate group of defendant regardless of the fact that such company was not a defendant in the underlying action (the new test). To attain this goal, firstly, the basic notions as an “environmental damages judgement,” a “corporate group,” and “the corporate veil” are explained. The article then elaborates on the importance of the corporate veil principle. Furthermore, it describes what would currently constitute a potential ground for piercing of the corporate veil in Canada. Later on, it provides a three-level justification for why the veil, in the described circumstances, should be pierced. Finally, the new test regarding piercing the corporate veil is proposed.
Journal: Problemy Prawa Prywatnego Międzynarodowego
- Issue Year: 2021
- Issue No: 28
- Page Range: 197-234
- Page Count: 38
- Language: English