pierce the corporate veil

基本解释

Many scholars consider inadequate capitalization to be the most important condition to pierce a corporate veil.
国内许多学者认为资本不足是适用法人人格否定的典型情形。
The so-called "reverse pierce" is a natural extension of the traditional theory of piercing the corporate veil in the United States.
反向刺破公司面纱是对传统刺破公司面纱理论与实践的延伸。
In addition, because of the need of corporate governance, the theory of "pierce the corporate veil" is applied to arbitration, the effect of arbitration agreement also expands to the third party.
此外出于对公司治理制度的需要，“揭开公司面纱”理论被应用到仲裁领域，仲裁协议效力也扩张至第三人。

So, they went after Khashoggi personally under an alter ego theory to pierce the corporate veil of Ultimate Holdings.
FORBES: Khashoggi: Margin Scheme Leads Personal Liability For True Beneficial Owner Under Alter Ego Theory; Undercapitalization and Domination