Rayevskaya, T.S. Responsibility of mother company for the obligations of the filial company (piercing the corporate veil) in English law

Abstract: In this article the author analyzes the doctrine of “piercing the corporate veil” based on a number of judicial precedents. The author pays attention to the issue of responsibility of the mother company on the debts of the filial company, including the EU legislation level. The author also compares the definition of doctrine of “piercing the corporate veil” with the similar situation with responsibility of mother company for the filial company in Russian legislation. Keywords: jurisprudence, independent legal person, limited responsibility, piercing the corporate veil, judicial precedent, Bankruptcy Act of 1986, group of companies, fraud, lying, agency, illegal sales, responsibility of the main company