Veiling
/ˈveɪlɪŋ/
Definitions
- (n.) The act of concealing material facts or information in a transaction, often to mislead or evade legal obligations.
The court ruled that the veiling of assets constituted fraud.
- (n.) In corporate law, the practice of using a separate legal entity to hide the identity or liability of the true party, often addressed in 'piercing the corporate veil.'
Veiling can prevent creditors from reaching the personal assets of shareholders.
Related terms
See also
Commentary
Veiling often relates to practices of concealment that may engage doctrines like piercing the corporate veil; clarity in drafting can prevent inadvertent veiling of obligations.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.