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Piercing the corporate veil is when a company is shown to be corrupt, and engaged in injurious activities. This was the case of a Kenyan Pipeline Company explosion and fire that killed 120 people, and injured hundreds of others. The company was found to be grossly negligent in their operations, an a subsequent lawsuit was filed by victims and their families.
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Is there such thing as a blue hibiscus flower?
Nein veil manhie loite sagen das die bloomen heisen nicht
Betta fish types?
As far as I know, crown tail, veil tail, half moon.... Theres more just google bettas and then look at the pictures.
What is calypso physical appearance?
The answer to your question is undetermined but the Homer says he was very beautiful and wore a dress of light gossamer fabric, golden girdle around her waist, and a veil to cover her head.
Where are mushrooms spores produced?
The spores are produced inside the cap on the surfaces of the structures called the gills as the mushroom grows. When the mushroom fully matures, the canopy opens and a little piece of the mushroom underneath the cap called the veil tears. This exposes the gills that by then are fully covered with spores, which can now fall out and propagate more mushrooms.The way people collect the spores are they take the cap off right when the veil breaks and press the cap against aluminum foil or plastic wrap to allow the spores to collect into a "spore print."
What is the mushroom on the Disney Earth movie that looked like it had a lace skirt?
Do you mean Fantasia? If so, the dancing mushrooms were dancing to Tchaikovsky's wonderful Nutcracker Suite. The mushrooms look like something from the amanita family. I don't recall them wearing anything that looks like a lace skirt. It might have been an annulus or veil which is the skirt or ring around the mushroom stalks.
The doctrines of-Lifting Piercing the Corporate Veil Ultra Vires?
Explain and illustrate the doctrines of Liftin/ Piercing the corporate Veil Ultra Vires
How do you use Piercing the corporate veil in a sentence?
the brides veil is drggind down on the foor
Do Piercing the corporate veil means revealing to shareholders the internal rules of corporate management?
T
Can a debt collector sue a small company that is incorporated?
Sure. Depending on the arrangement, the corporation's owners could also be sued personally, under the theory of piercing the corporate veil.
What is piercing the vail?
Peirce the veil. An amazing alternative band.
What is Reverse piercing of corporate veil?
Reverse piercing the corporate veil is the act holding a shareholder personally liable for the debts of the corporation and then (when taking his assets as damages) reaching into the assets of other corporations to which he is a shareholder. Normally when a corporation takes on too much debt and the creditors want their money, it goes insolvent (bankrupt). However, if the corporate formalities have not been observed (there was commingling of personal and corporate funds, there was a failure to maintain the corporate records, etc.) and adhering to the limited liability rules of corporations would promote injustice, a creditor can "pierce the corporate veil" and reach past the limited liability into the personal assets of the shareholder(s). However, if the personal assets of the shareholders are mostly stock in other corporations that have also taken too much debt, this doesn't help much (because the stocks wouldn't be worth much on the market and dissolving those other corporations means their assets would be paid to creditors before they can be distributed to the shareholders). In that situation, the court can "reverse pierce the corporate veil" and take the assets of the other corporations, bypassing the line of creditors.
If you file Bankruptcy on your business can they take your personal assets?
Only if then can show that you committed fraud, by piercing the corporate veil (i.e. using the business as your personal property), or if you gave a personal guarantee for business loans/debts.
What is the term for the process whereby a person is held responsible for the actions of a business?
piercing the coporate veil
What to file in court to pray for piercing the corporate veil?
Sorry. For information, other than general knowledge, please don't rely on this (or any other) site for questions with that much specifity required. What you are asking for in your question REALLY needs to be addressed to legal counsel of your choosing.
Under what circumstances a court may hold shareholders liable for debt of a corporation?
When they personally guarantee corporate obligations or the corporate veil is pierced as a result of the shareholders failing to recognize corporate formalities and treat corporate assets as their own.
When is the veil of incorporated be lifted?
You may be referring to the judicial practice of "piercing the corporate veil". One of the reasons for organizing and conducting commerce through a corporation is liability limitation, Thus, there has to be provision for when a corporation is organized in contemplation of the use of, or is used for, fraudulent or other unlawful purposes. There is a multiplicity of situations in which the corporate veil might be pierced. Corporations generally cannot be used as a "shield" behind which an individual can "hide" in order to do something that, when done by the individual without the purported involvement of the corporation, would be unlawful. Probably the primary situtation wherein a court might be persuaded to pierce the corporate veil is where the corporation has been too thinly capitalized than would be deemed as reasonably needed to conduct the commerce the nature of which is contemplated. In situations such as this, the shareholders or officers could therefore be held personally liable for the commercial conduct of the corporation.
Under which circumstances are the courts of Zimbabwe likely to lift the corporate veil of incorporation?
there are two circumstances under which the zimbabwean courts can lift the corporate veil. the first form is judicial evasion and he other one is statutory evasion.JUDICIAL EVASIONthis takes tree forms which is:when there is an abuse of the the seperate corporate personalitywhen the principle of separate legal personality runs contrary to the state intrestsapplication of the agency of construction
