what does the term piercing the corporate veil mean
Piercing the corporate veil Piercing the corporate veil or lifting the corporate veil is a legal decision to treat the rights or duties of a corporation as the rights or liabilities of its shareholders. Usually a corporation is treated as a separate legal person, which is solely responsible for the debts it incurs and the sole beneficiary of the credit it is owed. Common law countries usually uphold this principle of separate personhood, but in exceptional situations may "pierce" or "lift" the corporate veil.[1]
Claddagh ring Fede rings are distinctive in that the bezel is cut or cast to form two clasped hands that symbolize faith and trust[7] or "plighted troth".[8] The Claddagh ring is a variation on the fede ring,[9] while the hands, heart, and crown motif was used in England in the early 18th century.[10]