商业法律 BE212-BUSINESS LAW

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1、BE212-BUSINESSLAWIndividualAssignment2012Name:ANRANWANGStudentno:1004952Wordcounts:2562EssayTopic:Whatismeantbythecorporateveil?Inwhatcircumstancescanseparatecorporatepersonalitybedisregarded?Discuss.1UP:29/02/2012-15:46:27WM:29/02/2012-15:46:34M:BE212-5-SPA:

2、11a1R:1004952C:A4CDECDF042B02251D2C6E550DB18FE9F9D4BA34Content:Introduction:3TheDefinitionofcorporateveilandliftingthecorporateveil:3-4-TheDefinitionofCorporateVeil:4-TheDefinitionofliftingthecorporateveil:4Thesourceanddevelopmentofprincipleofliftingcorporate

3、veil:5Theconditionstousetheprincipleofliftingthecorporateveil:6-9-Combatingfraud:6-Groups:7-Insufficientinvestment:8-Agency:9Advantagesofliftingthecorporateveil:10-Fairnessfortheloaners:10-Preventingtheabuseofrights:10Disadvantageofliftingthecorporateveil:10C

4、onclusion:11Reference122UP:29/02/2012-15:46:27WM:29/02/2012-15:46:34M:BE212-5-SPA:11a1R:1004952C:A4CDECDF042B02251D2C6E550DB18FE9F9D4BA341.IntroductionThecorporationshavetheirindependentpersonality;whichisthebasiccharacteristicofthesystemofcompany’slegalperso

5、nality.Thecompanypossessingtheindependentlegalpersonalityistomakethecorporationtobecomeanindependent1entityanddistinguishfromitsstaff.Modernenterprisesystemisbasedoncorporatestateofacompany.Andthecorporatesystemhasbeenvividlycomparedtotheveilestablishedbetwee

6、nshareholdersandcorporationwithindependentpersonalitybyscholarsinbusinesslawcircle.Followingthedevelopmentofcorporatesystemliftingthecorporateveilhasbeenworkedout.Thustheshareholders,thetrulycorporatecontrollerbehindcorporateveil,beartheresponsibilities.Lifti

7、ngcorporateveilusuallyexpressthatcourtcouldignorethecorporatepersonalitysothattheshareholdersorthestufftaketheresponsibilityforthecompany’sloanerinordertorealizethepurposeofjusticeinconcretelegalcase.Combiningthecorporateindependentpersonalitywiththelimiteddu

8、tiesofshareholder,investors’wish,pursuingbenefitsunderthepremiseofdecreasingrisks,wouldcometrue.Meanwhiletheformofcorporatehasbeenrecognizedwidely.Neverthelessthesystemoflimitedresponsibi