piercing the corporate veil
The judicial act of imposing personal liability on otherwise immune corporate officers, directors, and shareholders for the corporation’s wrongful acts.
¡ª Also termed disregarding the corporate entity; veil-piercing. See CORPORATE VEIL. [Cases: Corporations 1.4(1). C.J.S. Corporations ¡ì¡ì 9, 13.]
How do Chinese legal professionals usually express the term piercing the corporate veil?
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