The Interpretation of the Doctrine of Piercing the Corporate Veil by RLS Faculty F. Shako
This article takes a deeper look at the doctrine of piercing the corporate veil in corporate law and the way in which it has been interpreted by the UK and US courts. This doctrine has been applied in order to balance the interests of shareholders and creditors and to prevent externalities. The main thread of the argument is that although the doctrine’s elucidation remains inadequate in both jurisdictions, the UK courts have been more successful in construing it than the US courts. This comparative analysis demonstrates the advanced analysis of the UK courts in interpreting the doctrine.