Jan 13

Cleared by the Malaga Appeal Court by means of the doctrine of “lifting of corporate veil”

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Cleared by the Malaga Appeal Court by means of the doctrine of “lifting of corporate veil”

A man accused of fraud, undue appropriation and other economic crimes has been cleared by the Malaga Appeal Court (Criminal Division). Prosecutors claimed penalties of more than 4 years in prison.

The Court embraced the allegations pronounced in the public hearing by the defendant’s lawyer, Antonio Pedro Rodríguez Bernal, for which was applicable to the case the doctrine of “lifting of corporate veil” in accused’s favour. The Court determined that no punishment must be held against a company’s administrator if such a company was artificially created with the only purpose to operate fictitiously in the commercial traffic and that circumstance was well known by the plaintiff.

Read the full article in Spanish.

 

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