In Re (#4 April 2018)

Piercing the Corporate Veil in Ukrainian Companies: not a Mirage

by Taras Dumych

When considering setting up or acquiring a company, a businessperson or an investor usually views this step as creating something separate from the founder or the acquirer. By holding a separate entity, one also envisages not just the separate personality of the company from its shareholder, whether the latter is an individual or another company, but also a separate liability shield between the company’s liability and the liability of its shareholder. This perception is rightly based on the universal legal concept of a company’s separate personality.

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