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Dictionary by pitch.dog
Company forms & group structures · Specialist

Piercing the corporate veil

Also called: lifting the corporate veil

ELI5

A court's exceptional decision to hold owners or controllers responsible despite the company's separate personality.

Used in conversation

“How are we defining piercing the corporate veil in this deck?”

Pitch context

You will see “Piercing the corporate veil” in board papers, contracts, policies, risk registers and compliance reports when the discussion reaches company forms & group structures.

Why it matters: In company forms & group structures, a loose definition can change rights, obligations, approval, disclosure or enforceability.

Caution

Meaning, enforceability and required process vary by jurisdiction and agreement; this definition is not legal advice.

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Sources & evidence · 3

Direct term-level sources and supporting source families.