Re:GDPR: Removing Monal from the EU
by jessaustin on Thursday May 17, 2018 @07:43PM
(#17097249)
Both of these episodes are clear cases of commingling. "Pockets the money" and "as though it was his personal account" are key phrases that would command any forensic accountant's full attention. Without these or something like them there would be no justification for piercing.
He did this several times before the corporate veil was pierced and they took him for all he had.
The other case was one that is probably best described as mismanagement ('onbehoorlijk bestuur') where the CEO/sole shareholder of a company started using the corporate account as though it was his personal account. When the company was unable to meet payroll taxes the taxman seized his private assets after piercing the veil.