The Superior Court of Catalunya has held that the main purpose of the concept of piercing the corporate veil is to extend the liability of a company to its directors and even its shareholders where the company is used by those individuals solely as a façade to avoid liability.
Source: Boletín Oficial del Estado number 164 of 23 July 2003, pages 26,905 to 26,965. Alejandro Alemany, Mullerat e-mail: [email protected]