Piercing the Corporate Veil: US Lessons for Romania & Slovakia

27 Pages Posted: 24 May 2012 Last revised: 27 Feb 2017

See all articles by Alexandra Andhov

Alexandra Andhov

University of Copenhagen - Faculty of Law; University of Copenhagen - Centre for Private Governance (CEPRI)

Catalin Gabriel Stanescu

Centre for Market and Economic Law (CME)

Date Written: December 20, 2016

Abstract

This article describes and analyses the doctrine of piercing the corporate veil. First it introduces this doctrine and its history and development in the United States - the jurisdiction which represents its. Second, it analyses its possible implementation within two chosen jurisdictions in Central and Eastern Europe: Romania and Slovakia. Authors’ aim is to assess their home jurisdictions and whether they apply the doctrine or only some parts of it or nothing at all. Authors go through different areas of the legal system, as company law, civil law or bankruptcy law and reflect on them. Finally, authors reason why this doctrine is of an importance to any legal system and why the legislators in CEE region should insert and apply it.

Keywords: Piercing the corporate veil, liability, mother company, subsidiary, fiduciary duty, Romania, Slovakia

Suggested Citation

Andhov, Alexandra and Stanescu, Catalin Gabriel, Piercing the Corporate Veil: US Lessons for Romania & Slovakia (December 20, 2016). Chicago-Kent Journal of International and Comparative Law, Vol. 17, No. 1, 2016. Available at SSRN: https://ssrn.com/abstract=2066030 or http://dx.doi.org/10.2139/ssrn.2066030

Alexandra Andhov (Contact Author)

University of Copenhagen - Faculty of Law ( email )

Studiestraede 6
Studiestrade 6
Copenhagen, DK-1455
Denmark

University of Copenhagen - Centre for Private Governance (CEPRI) ( email )

Karen Blixens Vej 16
Copenhagen, 2300
Denmark

Catalin Gabriel Stanescu

Centre for Market and Economic Law (CME) ( email )

Njalsgade 76
Copenhagen S, 2300
Denmark
+4520935996 (Phone)

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