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    Mmm20's Avatar
    Mmm20 Posts: 1, Reputation: 1
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    #1

    Oct 7, 2006, 11:09 AM
    Lifting of the corporate veil
    Hi

    I've just started the company law subject this semester, I did not understand the "lifting of the corporate veil". Can you give me a detailed explanation on this matter.

    Regards MMM20
    wizzkid89's Avatar
    wizzkid89 Posts: 243, Reputation: 63
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    #2

    Oct 18, 2006, 12:28 AM
    Is this a book or is this just a phrase, because the phrase most likely means seeing behind the façade that corporate america tries to pull over the american consumers.
    LisaB4657's Avatar
    LisaB4657 Posts: 3,662, Reputation: 534
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    #3

    Oct 18, 2006, 05:42 AM
    Lifting of the corporate veil is a legal term where the court allows a lawsuit or prosecution to proceed against the individual shareholders/directors of a corporation instead of allowing them to be protected from individual liability due to their corporate status.
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