Contract-Centered Veil-Piercing

Georgakopoulos, Nicholas

doi:10.2139/ssrn.728983

Abstract

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Contract-Centered Veil-Piercing

Nicholas L. Georgakopoulos

Indiana University - Robert H. McKinney School of Law

May 2005

Abstract:
The application of the doctrine of piercing the corporate veil to contract disputes has been attacked as undesirable. This article shows that applying piercing to contracts is desirable. Contract-centered veil-piercing functions akin to a penalty-default clause that encourages the efficient production of information, avoids wasteful precaution, and promotes the use of the corporate form for entrepreneurship.

Number of Pages in PDF File: 27

Keywords: Veil Piercing, Contracts, Contract Law, Corporate Formalities, Undercapitalization

JEL Classification: K12, K22

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Date posted: May 27, 2005

Suggested Citation

Georgakopoulos, Nicholas L., Contract-Centered Veil-Piercing (May 2005). Available at SSRN: http://ssrn.com/abstract=728983 or http://dx.doi.org/10.2139/ssrn.728983

Contact Information

Nicholas L. Georgakopoulos (Contact Author)

Indiana University - Robert H. McKinney School of Law ( email )

530 West New York Street
Indianapolis, IN 46202
United States
317-274-1825 (Phone)

HOME PAGE: http://www.nicholasgeorgakopoulos.org