VidhiAagaz
International Journal ofLaw Management & Humanities
ISSN 2581-5369 · Open access
International Journal ofLaw Management & Humanities
Open accessResearch PaperVol. 5 No. IV (2022)pp. 1223–1231

Piercing the Veil of Environmental Liability in India Comparative Analysis Between India and USA

PR
Pracheta RathoreStudent at Jindal Global Law School, India
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Published 13 August 2022 · pp. 1223–1231 · Vol. 5 No. IV (2022)
Abstract

The concept of piercing the corporate veil is the weakest brick in the edifice of company law, which has the power to both uphold and break the very structure of a company. In order to maintain the balance and ensure the building of the company and everything doesn’t fall apart the said brick of the corporate veil needs to be placed right without moving it around too much. Over the years, there seems to be an increasing struggle of managing environmental concerns while maintaining the corporate veil, and due to the unprecedented environmental damage, this struggle has become a concern. This article attempts to deal with the determination of such placement with an ecological lens, by comparing the existing structures within India and USA. For this purpose, it has been imperative to understand the difference between piercing the veil and lifting the veil as only then could we draw the blueprint of the future action plan. We have then delved into both statutes and precedent-based doctrines in both the said nations. The said analysis has helped reach the conclusion that if used right, then the concept of piercing the corporate veil can be used as an effective tool to address environmental concerns.

Keywords
piercing corporate veilcomparative analysisenvironment

How to cite

Pracheta Rathore, Piercing the Veil of Environmental Liability in India Comparative Analysis Between India and USA, 5 Int'l J. L. Mgmt. & Human. 1223 (2022).

Cite this article

Pracheta Rathore, Piercing the Veil of Environmental Liability in India Comparative Analysis Between India and USA, 5 Int'l J. L. Mgmt. & Human. 1223 (2022).
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