12/05/2026
Suppose you set up a limited liability company with 10 million Riel as its authorized capital, which you have all paid up. After a few years, your company now owns some good assets but has accumulated a lot of debt the amount of which is now 5 times bigger than the value of the company's total assets. Since the realizable amount of the company assets could not fully pay the debt, can the creditors ask the court to make you pay out of your personal assets too? "It depends", said our visiting professor from Cornell. This "piercing the corporate veil" concept was laid out bare in his lecture today. "I asked prof. Whitehead to talk about this because this concept is a pretty much unknown here," said our Chairman Dr. Virak Prum who is probably the only one who talks about this legal concept here. Learning from more advanced legal systems is very rewarding. At , we ensure that our students acquire in-depth knowledge and benefit from great wisdom. Come to our campus to learn more about our popular Cambodian Business Law diploma program.
