In order for a court to pierce the veil of a subsidiary company and hold its parent responsible for its liabilities under the theory that it is a controlled company, which of the following have to be proven?
A.
The assets of parent and the subsidiary were commingled.
B.
The company's financing and management are so closely connected to its parent that it does not have any independent decision-making authority.
C.
The parent does not observe the legal formalities (such as holding shareholder meetings or maintaining minutes for the subsidiary) that show that the subsidiary is a separate legal entity.
D.
All of the above.
E.
Both a. and b. above.
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举一反三
【判断题】When writing a cause and effect essay, we should oversimplify causes.