Piercing the corporate veil institutas ir patronuojančios įmonės atsakomybė pagal dukterinės įmonės prievoles Lietuvos teisėje.
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This paper focuses on the doctrine of piercing of corporate veil which allows establishing liability of a parent company for the acts of its affiliates under Lithuanian law. This doctrine is found in Art. 2.50 sec. 3 of the Lithuanian Civil Code: "Where a legal person fails to perform its obligations due to the acts in bad faith of a member of the legal person, the member of a legal person shall, in a subsidiary manner, be liable by his own property for the obligations of a legal person". This provision is definitely progressive and positive. Moreover, according to a Lithuanian approach, the doctrine of piercing is supposed to be applied in the field of corporate groups - to establish liability of a parent company for the obligations of its subsidiary. In order to pierce the corporate veil, the plaintiff should establish three elements: (i) that the subsidiary failed to per¬form its obligations, (ii) that the parent company acted in bad faith, and (iii) that there was a causal link between the first and second conditions. These conditions and doctrine of piercing of corporate veil should not be conrused with tort liability and its conditions. [...]
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