definition of pierce the corporate veil
(also lift the corporate veil)
in law, the decision to treat the rights and duties of a company as being the same as the rights and duties of its shareholders
In order for the corporate veil to be pierced there must be some skulduggery, in the absence of which the legal personality of the company will remain intact.
Submitted from United Kingdom on 13/06/2013 09:10:00