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Explain and illustrate the doctrines of Liftin/ Piercing the corporate Veil Ultra Vires

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Explain and illustrate the doctrines of Liftin/ Piercing the corporate Veil Ultra Vires

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  • the brides veil is drggind down on the foor
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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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Sure. Depending on the arrangement, the corporation's owners could also be sued personally, under the theory of piercing the corporate veil.

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