generally not pierce the corporate veil
where there is only ordinary
191) See Prest, ibid at para 35, where it is held "if it is not necessary to pierce the corporate veil
, it is not appropriate to do so, because on that footing there is no public policy imperative which justifies that course.
However, a court will not automatically pierce the corporate veil
if the amount of corporate liability insurance is not adequate to compensate an injured plaintiff.
The reason why a creditor would feel it necessary to pierce the corporate veil
usually comes down to money.
5) A Connecticut court held under the appropriate circumstances it could pierce the corporate veil
of an LLC and hold members personally liable to third parties.
The failure to maintain the formalities is usually a factor taken into consideration when a creditor attempts to pierce the corporate veil
The new Company Law, however, allows courts to pierce the corporate veil
under certain circumstances.
Absent outright fraud or continuous commingling of assets by the managing shareholder, it would seem inconsistent and inequitable for the court to pierce the corporate veil
based on dominance by a controlling shareholder who is exercising his statutory rights.
The court refused to pierce the corporate veil
in a matter involving strict product liability.
Because China is a civil law country and because its courts have very little discretion to adjudicate cases outside the four corners of the statute, the provision needs more specificity as to the factors that courts should consider when deciding whether to pierce the corporate veil
The appellate court reversed on the basis that negligence is tortious conduct which is not shielded from personal liability, hence it was not necessary to pierce the corporate veil
in order to keep the alleged individual tortfeasor/member in the lawsuit as an individual party defendant.
The right to attach the assets of the LLC directly depends on the ability to pierce the corporate veil