Piercing the Corporate Veil: Lack of Legislation, Proposals to Change an Existing Law
Piercing the Corporate Veil: Lack of Legislation, Proposals to Change an Existing Law

Author(s): Roxana Alexandra Kipel-Istudor
Subject(s): International Law, Sociology of Law, Comparative Law
Published by: ADJURIS – International Academic Publisher
Keywords: business law; limited liability; contractual obligations; corporate personality; abuse of legal personality; piercing the corporate veil; social creditors; social debts;
Summary/Abstract: This article aims to compare the jurisdiction of piercing the corporate veil in South America. We'll analyze the lack of legislation and the regulation of this important theory. We'll examine whether it's easier for the court to apply the basic principles of law to pierce the corporate veil or it's better to regulate a norm which has to contain specific conditions or situations in order to be able to pierce.

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