"PIERCING THE CORPORATE VEIL": THE EXPERIENCE OF THE USA AND POSSIBILITIES OF IMPLEMENTATION IN THE LEGISLATION OF THE REPUBLIC OF KAZAKHSTAN
With the presumption of the several liabilities of each subject of civil matters, unscrupulous founders in bad standing avoided property liability for the debts of a corporation that arose through their fault. Due to the wide prevalence of this kind of judicial precedent, the concept of “piercing the corporate veil” is introduced into the Anglo-Saxon legal system, which allows, in case of fault of the founders, to bring them to justice for corporate debts. Insuﬃcient study of this concept of English law in Kazakhstan justiﬁes the relevance of the topic of our article. The research objective is to analyze the content of the concept of piercing the corporate veil and to identify the possibility of introducing its provisions in Kazakhstan legislation. The scientiﬁc novelty of the article is determined by the fact that this research is one of the ﬁrst attempts in Kazakhstan's legal science to determine the legal nature and the eﬀectiveness of applying the concept of “piercing the corporate veil”. The subject of the scientiﬁc article is the legislation of the Republic of Kazakhstan and foreign countries, foreign judicial practice, and the scientiﬁc work of foreign and domestic scientists. Research methods: analysis, synthesis, induction, deduction, descriptive, comparative legal.Conclusions: at the moment, Kazakhstan legislation adheres to the principle of the separate identity of the legal entity and the founder. When implementing the concept of piercing the corporate veil in the civil legislation of the Republic of Kazakhstan, both positive and negative legal consequences are predicted. Despite the inconsistency and length of judicial proceedings, the concept is applied in a number of developed foreign countries, which suggests the usefulness and positive legal consequences of its application.