The Lifting of Corporate Veil Doctrine in Hong Kong: An Empirical, Comparative, and Development Perspective

Common Law World Review, Vol. 40, No. 3, pp. 207-234, 2011

University of Hong Kong Faculty of Law Research Paper No. 2013/018

29 Pages Posted: 24 Apr 2013 Last revised: 10 Jan 2018

See all articles by Thomas K. Cheng

Thomas K. Cheng

The University of Hong Kong - Faculty of Law

Date Written: April 24, 2011

Abstract

This paper provides an empirical, comparative, and development perspective on the corporate veil doctrine. It contains a comprehensive survey of the corporate veil cases in Hong Kong. The survey results are then compared with comparable surveys of the US cases to highlight relevant characteristics in the Hong Kong courts' approach to the doctrine. The paper also analyses the doctrine and the limited liability principle in a development perspective to suggest that the Hong Kong courts should apply the doctrine more assertively to address externalization of corporate business costs, which is the inevitable consequence of limited liability.

Keywords: company law, lifting of corporate veil, limited liability, Hong Kong, comparative

Suggested Citation

Cheng, Thomas K., The Lifting of Corporate Veil Doctrine in Hong Kong: An Empirical, Comparative, and Development Perspective (April 24, 2011). Common Law World Review, Vol. 40, No. 3, pp. 207-234, 2011, University of Hong Kong Faculty of Law Research Paper No. 2013/018, Available at SSRN: https://ssrn.com/abstract=2255913

Thomas K. Cheng (Contact Author)

The University of Hong Kong - Faculty of Law ( email )

Pokfulam Road
Hong Kong, Hong Kong
China

HOME PAGE: http://hub.hku.hk/rp/rp01242

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