Research Paper The Final Research Paper should address a topic that is connected to the material and design of this course. In a one to two page APA-formatted paper, address the following: Thesis...

Business law
Topic - Lifting of the corporate veil
Business law
Outline of the research
Thesis statement
In the present times of joint stock companies, lifting of the corporate veil is an essential
element that should be focused on by international laws as well as corporate laws since cases like
Enron have led to it becoming clear that transparency in dealings of joint stock companies is
essential.
Topic of your Research Paper
The topic of the research paper is lifting of the corporate veil. It has been studied with
relation to the present times of complex elements in the corporate world where in transparency
becomes essential in order to protect the rights of the shareholders and other stakeholders. There
are various legal aspects and procedures that are considered as per the corporate law as well as
the business law.
Outline of the major headings
The following are the major headings included in this research paper on business law
with focus on the topic of lifting of corporate veil in the present scenario where joint stock
companies are extremely popular and there is a need for higher transparency.
Introduction
The introduction section explains the concept and details the lifting of the corporate veil.
It shows the various aspects of lifting of the corporate veil and also explains the context in
which it is used.
Business law
Legal issues involved
The legal issues involved include the giving of details and unveiling several confidential
and other aspects of the company. There are also several processes and those have been
explained.
Analysis from multiple point of views
Analysis of lifting of corporate veil has been done from the perspectives of shareholders
and stakeholders as well as from the importance of it in present times as joint stock companies
are at a rise.
Argument in favor of lifting of corporate veil and Ethical considerations
The position taken in favor of lifting of corporate veil has been explained since there are
multiple benefits of the transparency maintained in the present times and it also presents multiple
ethical considerations.
Recommendations and Conclusion
The recommendations are in favor of ensuring that there be appropriate increase in
transparency levels in case of functioning of the joint stock companies through the usage of
higher CSR policies.
Citation of an article
Nicholas L Georgakopoulos.(2011) Bankruptcy veil lifting, Emory Insolvency
Developments Journal. Atlanta: 2011. Vol. 27, Iss. 2; pg. 471
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Business law
Summary
The article explains the importance of lifting of corporate veil in the instances of
bankruptcy and also frauds. It shows several examples from present times and explains the
usage of corporate veil in these instances. It depicts the importance as well as legal and ethical
aspects of lifting of corporate veil. It shows the usage of lifting of corporate veil in present
times as well as in times of turbulence.
The literature titled, “Bankruptcy veil lifting” by Nicholas, throws light upon the
several instances and events where in piercing of corporate veil is considered as appropriate. It
throws light upon the various possibilities which allow the law to take a decision of letting the
corporate veil being pierced. This literature gives an in depth explanation of the veil piercing
process and requirements as well as importance in case of a firm going bankrupt.
Business law
Introduction
In the present times of joint stock companies, lifting of the corporate veil is an essential
element that should be focused on by international laws as well as corporate laws since cases like
Enron have led to it becoming clear that transparency in dealings of joint stock companies is
essential. The topic of the research paper is lifting of the corporate veil. It has been studied with
relation to the present times of complex elements in the corporate world where in transparency
becomes essential in order to protect the rights of the shareholders and other stakeholders. There
are various legal aspects and procedures that are considered as per the corporate law as well as
the business law.
Lifting of the corporate veil refers to a situation where in better levels of transparency is
required from a joint stock corporation which has been awarded separate legal identity. The
concept of corporate veil focuses on the creation of a separation between the company ownership
and management of the firm. In relation to corporate firms or joint stock companies, it becomes
essential that the ownership which belongs to the shareholders, be justified by the management
by giving evidence and justification of the actions that they would have taken as the
shareholders have a right to question.
When shareholders question through a legal process, then the management is obliged to
present the facts asked for by the court of law and this is called as lifting of the corporate veil. In
this way shareholders and their interests or rights are well protected through the usage of
provisions of lifting or piercing of the corporate veil in business laws. This helps in the process
of distinguishing between the ownership and the management without hampering the rights of
the shareholders.
Business law
Legal issues involved
It exists mainly due to the fact that a corporate firm has a separate legal identity. There...