Penetrate corporate veil
Piercing the Corporate Veil: When LLCs and Corporations May be at Risk
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Piercing the corporate veil or lifting the corporate veil is a legal decision to treat the rights or duties of a corporation as the rights or liabilities of its shareholders.
Description:Project Finance I believe project finance is a very useful means of illustrating the subject matter of this paper. For the purpose of this paper, project fi- nance is essentially a nexus of contracts per- taining to one specific project and these con- tracts represent the risks and cash-flows of the project. This allows the sponsor or group of sponsors to isolate itself from the project risk, which is made transaction specific.