literature Mainland China English summary

Piercing the Double Veil of Dormant Investors

刺破隐名投资人的双重面纱

Discusses how corporate personality and shareholder limited liability can be abused through dormant investment arrangements and how veil piercing may respond.

Brief English Introduction

This article considers hidden or dormant investors and asks when courts should look through both formal shareholding and corporate personality. It is useful for ownership structures that conceal control.

Teaching Notes

Ask students to identify whether the relevant veil is the company’s personality, the nominee shareholder arrangement, or both.