Doctrine of Piercing The Corporate Veil

The research studies the peculiarities of piercing the corporate veil doctrine in accordance with the Russian law. This paper argues that actual Russian legislation should be developed in order to maintain it correlation with legal doctrine and judicial practice. The thesis is developed by virtue of formal legal research, in particular, descriptive and analytical methods. It shows that the differential approach to the content, essence and notion of corporate veil lifting in Russian law testifies the existing legislative gaps, which prevent the doctrine from the proper functioning as an effective mechanism for legal entity creditors’ rights protection. Therefore, legal provisions should be revised in accordance with theoretical papers and court decisions, which contain the general recommendations for the legislation development. Specifically, the missing form of corporate veil doctrine should be incorporated in legal acts and the existing provisions concerning two other types of liability improved.