CORPORATE RESPONSIBILITY BEYOND THE ENTITY: LESSONS FOR VIETNAM FROM ANGLO-AMERICAN LAW

Authors

  • Van Toan Ly Nam Can Tho University
  • Thanh Trung Vo University of Economics and Law https://orcid.org/0009-0008-5791-7422
  • Viet Tu Nguyen Van Hien University
  • Chi Dung Nguyen Nam Can Tho University

DOI:

https://doi.org/10.18623/rvd.v22.n4.3390

Keywords:

Piercing The Corporate Veil, Liability, Business Entity, Enterprise Law

Abstract

The use of business entities as legal shields for criminal or fraudulent activities has become a pervasive issue in today’s economy. To effectively combat such misconduct, it is crucial to pierce the corporate veil that hides the true perpetrators behind these entities. This article explores the legal doctrine of veil piercing, which enables courts to disregard the separate legal personality of a corporation when fraud or other wrongful acts are committed under its guise. The analysis centers on two key questions: (1) what conditions warrant the application of the doctrine, and (2) whether liability should be confined to the shareholders’ invested capital or extend to their personal assets once the veil is lifted. The article also examines the application of this doctrine in Vietnam, analyzing relevant provisions in the country’s Enterprise Law and related regulations through case studies. Drawing from these insights, the article provides recommendations for businesses and policymakers to minimize legal risks and reduce unintended economic consequences for society.

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Published

2025-11-16

How to Cite

Ly, V. T., Vo, T. T., Nguyen, V. T., & Nguyen, C. D. (2025). CORPORATE RESPONSIBILITY BEYOND THE ENTITY: LESSONS FOR VIETNAM FROM ANGLO-AMERICAN LAW. Veredas Do Direito, 22(4), e223390. https://doi.org/10.18623/rvd.v22.n4.3390

Issue

Vol. 22 No. 4 (2025): Veredas do Direito, v. 22, n. 4 2025

Section

Articles

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