lifting the veil

lifting the (corporate) veil

in company law, the court's refusal to apply the normal rule that a corporation is a different legal person from its members. Instances where this has been done are:
  1. (1) where a group of companies is an economic entity; and
  2. (2) where there is illegality.

Directors who may be members are not protected by the veil in some statutory cases:

  1. (1) where the membership of the company has fallen beneath the statutory minimum;
  2. (2) where the company trades without having received the appropriate certificate from the registrar;
  3. (3) where a bill of exchange is signed by an officer of the company, which does not bear the company's full name;
  4. (4) where under the Insolvency Act 1986 the directors are personally liable for wrongful trading.
Collins Dictionary of Law © W.J. Stewart, 2006
References in classic literature ?
Supposing that by these words Anna Pavlovna was somewhat lifting the veil from the secret of the countess' malady, an unwary young man ventured to express surprise that well known doctors had not been called in and that the countess was being attended by a charlatan who might employ dangerous remedies.
but his mercy was not slow in lifting the veil; I looked into the book, Ishmael, and there I found the words of comfort."
I should enjoy nothing so much as lifting the veil from his eyes.'
New York, NY, March 22, 2019 --( Melodia Women's Choir of NYC, led by Artistic Director Cynthia Powell and in collaboration with Director Christa Scott-Reed, brings to life the music and the untold story behind Antonio Vivaldi's Gloria this spring in "Gloria: Lifting the Veil on Vivaldi's Masterpiece." Audiences will have the chance to hear the voices of three 18th-century Venetian characters inspired by the real women and girls of the Ospedale della Pieta music conservatory and hear Vivaldi's work performed by an all-female choir and chamber ensemble as it was likely originally composed for the figlie di coro female musicians of the Ospedale della Pieta in 1715.
Ride-hailing company Lyft filed the paperwork for its initial public offering last Friday, lifting the veil on how its fast-growing business is performing financially.
His line-item veto sends a strong message about his push for lifting the veil of secrecy protecting dirty money.
'It is an honour to celebrate with organisations that had been at the forefront of promoting economic growth and lifting the veil on individuals that had contributed immensely to the sector.
| The 'Lifting the Veil' exhibition can be seen at Storiel until 14 April.
Nine essays are: German-speaking artists in Parisian exile; plunder, restitution, emotion and the weight of archives; otrophyo archives in Moscow and the art scene in France and Germany under the National Socialist Regime, 1933-1945; lifting the veil on MoscowAEs secret archives; the Arthur Goldschmidt file in the Archive of the Direction de la Suret<AEe>te; onot my most beautiful but my best paintingso; the art historian Charlotte Weidler; the Paul Cassirer Gallery (1933-1945); August Liebmann Mayer (1885-1944).
Highlights of China & Yangtze Cruise Flying from London Heathrow Departs March to June, September to November 2015, January to May 2016 Lifting the veil on one of the world's most deeply enthralling countries, this exciting itinerary offers a heady mix of spellbinding man-made sights both ancient and ultra-modern and some astounding natural wonders.
Newmarket Holidays regional charter manager Amanda George said: "Following a hugely successful 2014 season, with doubled capacity and with the June departure sold out from Durham Tees Valley, we will be lifting the veil on next year's plans for even more Newmarket Holidays flights and new destinations for 2015."