Contract-Centered Veil-Piercing

27 Pages Posted: 27 May 2005  

Nicholas L. Georgakopoulos

Indiana University - Robert H. McKinney School of Law

Date Written: 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.

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

JEL Classification: K12, K22

Suggested Citation

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

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

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