Personal liability of shareholders in Brazil - a piece of good news

The Superior Court of Justice has unified the understanding of its many smaller bodies, to the effect of limiting the application of the "piercing of the corporate veil doctrine" and, thus, reducing the instances of personal liability for partners, quotaholders and shareholders of Brazilian companies.

The unification of understanding is applicable to civil cases (which includes tax cases, to some extent).

Labour courts still use the doctrine abundantly, without much previous consideration about its prerequisites.

*Image from Legal Solutions Blog.