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Title |
An Evaluation of Piercing the Corporate Veil Within a Corporate Group under Saudi Corporate Laws |
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Author |
Abdulah Alassaf |
| Citation |
Vol. 25 No. 10 pp. 160-166 |
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Abstract |
The objective of this paper is to examine the issue of piercing the corporate veil within corporate groups. Overall, the Saudi law is less developed on this topic. In accordance with the traditional limited liability doctrine, in Saudi Arabia, individual shareholders are generally not liable for a company's debts. Under Saudi corporate law, the holding company is regarded as a shareholder of its subsidiaries. However, the dynamic between parent companies and their subsidiaries differs from that of a shareholder in relation to a single corporation. According to the traditional limited liability doctrine, a holding company can only be held liable if the criteria for piercing the corporate veil are satisfied. |
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Keywords |
Piercing the veil, corporate group, Saudi Law, Company Laws. |
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