alter ego/veil piercing
Spanish translation: descorrer el velo societario / desestimar la personería jurídica
| GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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| 20:13 Jun 7, 2017 |
| English to Spanish translations [PRO] Law/Patents - Law (general) | |||||||
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|  Selected response from: Cristina Zavala Ecuador Local time: 13:21 | ||||||
Grading comment
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| Summary of answers provided | ||||
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| 4 +3 | descorrer el velo societario / desestimar la personería jurídica |
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| 3 +1 | alter ego/levantamiento del velo corporativo/societario |
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Answers
21 mins confidence: 
peer agreement (net): +1
peer agreement (net): +1alter ego/levantamiento del velo corporativo/societario Explanation: Alter Ego Definition Legal doctrine whereby the court finds a corporation lacks a separate identity from an individual or corporate shareholder, resulting in injustice to the corporation’s debtors. Finding alter ego gives the court cause to pierce the corporate veil and hold individual shareholders personally liable for debts of the corporation. https://www.law.cornell.edu/wex/alter_ego ---------------------------------------------------------------------------- Veil piercing Piercing the Corporate Veil Definition A situation in which courts put aside limited liability and hold a corporation's shareholders or directors personally liable for the corporation’s actions or debts. Veil piercing is most common in close corporations. While the law varies by state, generally courts have a strong presumption against piercing the corporate veil, and will only do so if there has been serious misconduct like abuse of the corporate form (e.g. intermingling of personal and corporate assets) or undercapatitalization at the time of incorporation. https://www.law.cornell.edu/wex/piercing_the_corporate_veil Veil piercing: Levantamiento del velo La doctrina conocida como levantamiento del velo o levantamiento del velo societario consiste en la jurídica y doctrina jurisprudencial por la que los socios de una sociedad mercantil quedan obligados al cumplimiento de las obligaciones y deudas de la misma. Esta doctrina tiene su fundamento en el principio de equidad, buena fe, no fraude de ley y supone una excepción a la regla general del derecho de limitación de responsabilidad de los socios con respecto a las deudas de la sociedad de la que son partícipes (limitada normalmente a la participación o cantidad invertida) y permite a los tribunales de justicia prescindir de la forma externa de la persona jurídica y alcanzar a las personas que se encuentran por detrás. Esta doctrina nació en Estados Unidos a comienzos del siglo XIX.1 El levantamiento del velo trata de corregir los abusos que se producen cuando la personalidad jurídica de la sociedad se utiliza como cobertura para eludir el cumplimiento de obligaciones consiguiéndose un resultado injusto o perjudicial para terceros y contrario al ordenamiento jurídico. https://es.wikipedia.org/wiki/Levantamiento_del_velo alter ego: https://books.google.com.ar/books?id=7nHUYTggFMcC&pg=PA79&lp... -------------------------------------------------- Note added at 23 mins (2017-06-07 20:36:40 GMT) -------------------------------------------------- Adicionalmente, la Corte también se hizo cargo de explicitar el supuesto básico para que opere la técnica del levantamiento del velo, así como de la determinación de los principios que esta resguarda, al señalar que "permite dar solución a situaciones de manifiesto abuso de la personalidad jurídica, en que sociedades aparentemente autónomas e independientes jurídica y económicamente, responden a una misma unidad económica y de organización, porque existe tal control de la una sobre las otras, que esta o estas últimas no son sino el "alter ego" de la dominante, utilizado para obtener un resultado antijurídico. Se previene, de este modo abusos del derecho y fraudes a la ley, privilegiándose los principios de supremacía de la realidad y de buena fe, que podrían verse sobrepasados". http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718... |
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21 mins confidence: peer agreement (net): +3
peer agreement (net): +3descorrer el velo societario / desestimar la personería jurídica Explanation: veil piercing = descorrer o traspasar el velo societario alter ego doctrine = doctrina jurisprudencial sobre levantamiento del velo corporativo o desestimación de la personería jurídica / doctrina del alter ego Wikipedia - https://en.wikipedia.org/wiki/Piercing_the_corporate_veil 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. Usually a corporation is treated as a separate legal person, which is solely responsible for the debts it incurs and the sole beneficiary of the credit it is owed. Common law countries usually uphold this principle of separate personhood, but in exceptional situations may "pierce" or "lift" the corporate veil. -------------------------------------------------- Note added at 43 mins (2017-06-07 20:56:22 GMT) -------------------------------------------------- alter ego (doctrine) - A doctrine used by the courts to ignore the corporate status of a group of stockholders, officers, and directors of a corporation in reference to their limited liability so that they may be held personally liable for their actions when they have acted fraudulently or unjustly or when to refuse to do so would deprive an innocent victim of redress for an injury caused by them. A corporation is considered the alter ego of its stockholders, directors, or officers when it is used merely for the transaction of their personal business for which they want immunity from individual liability. A parent corporation is the alter ego of a subsidiary corporation if it controls and directs its activities so that it will have limited liability for its wrongful acts. The alter ego doctrine is also known as the instrumentality rule because the corporation becomes an instrument for the personal advantage of its parent corporation, stockholders, directors, or officers. When a court applies it, the court is said to pierce the corporate veil.B731 |
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