It is commonplace to speak of 'Europe as a major player in the global marketplace. In reality, however, persistent conflicts among the company and securities law regimes of the various Member States continue to hamper the full emergence of the EU as an economic power on a par with the US and China. Progress is under way, however, as this book amply testifies. In the wake of the Financial Services Action Plan (1999) and the Company Law and Corporate Governance Action Plan (2003), a series of EU regulations and ECJ cases has significantly eroded the national barriers to cross-border legal...
It is commonplace to speak of 'Europe as a major player in the global marketplace. In reality, however, persistent conflicts among the company and sec...
When courts and#8216;pierce the corporate veiland#8217;, they disregard the separateness of the corporation and hold a shareholder responsible for the corporationand#8217;s action as if it were the shareholderand#8217;s own. Although as a general rule the courts are reluctant to allow corporate veil piercing, creditors of an insolvent corporation frequently attempt to hold the shareholders liable when they cannot obtain satisfaction from their debtor. In the United States, in fact, piercing claims constitute the single most litigated area in corporate law. This study clears up some...
When courts and#8216;pierce the corporate veiland#8217;, they disregard the separateness of the corporation and hold a shareholder responsib...
