Piercing the Corporate Veil Doctrine in Comparative View


  • Praphrut Chatprapachai


piercing the corporate veil, disregard the corporate entity, limited liability of shareholders, corporate liability


The foundation of corporate law leads to separation and segregation of corporations from shareholders. The maxim of limited liability hauls shareholders out from puddle of corporate liability unless in extraordinary circumstances, advancing modern capital investment on corporate business until present day. Nevertheless, this expedient mechanism can be abusively applied and end up spoiling third parties’ interest. Therefore, this paper will comparatively provide and analyze the framework of ‘piercing the corporate veil doctrine’ from the perspectives of Japan, U.S. and Thailand as practical solutions for this crux.

Author Biography

Praphrut Chatprapachai

Praphrut Chatprapachai holds an LL.B. from Thammasat University, Bangkok, Thailand; LL.M. from Cornell University, New York, U.S.A. and Barrister-at-Law from the Thai Bar Association. He conducted a research on comparative Thai, Japanese and American laws under patronage of Government of Japan (Monbukagakusho) at Kyushu University, Fukuoka, Japan. He currently lectures in Graduate School of Law, Assumption University of Thailand and is responsible for various legal consulting, negotiations, dispute resolutions and litigations.