Piercing the Corporate Veil: Legal Liability of Holding Companies for Their Subsidiaries

This paper examines how courts look beyond corporate names and formal structures to reveal the hands pulling the strings behind subsidiary companies. It explores the circumstances under which courts decide to pierce the corporate veil, the doctrines that justify holding parent companies accountable, and the continuous legal effort to balance corporate protection with responsibility.In essence, it highlights that corporate law is not merely about structure or finance, rather about fairness, accountability, and uncovering the truth hidden behind the veil.