Thailand Law Journal 2013 Fall Issue 1 Volume 16

Therefore, if amendment of the law which make piercing the corporate veil become more broadly used is plausible, it should be arranged in Civil and Commercial Code, Title 22:

Partnership and Companies as an exception of limited liability doctrine in section 1015, 1096.

This will solve the troubles arising from using the limited liability as a veil in every circumstance and can be applied in every type of corporations. Moreover, codification of piercing the corporate veil doctrine will enhance clarity and righteousness for the judicial branch to untie the legal, instead of an arm-length enforcement from section 5 of TCCC.

The guideline of the amendment may state that "In case that a corporations is unfaithfully run; with an intention to fraud or deceive its creditors or innocent third party or try to evade the liability or law enforcement, shareholders, directors or officers who are the conspirers of such act, shall be unlimitedly liable for the all debts of the corporation together with the corporation.

Bibliography

Books

Pramuan Kotmaiphaeng Lae Phanit [Civil and Commercial Code of Thailand]
Gordon Smith & Cynthia A. Williams, Business Organizations: Cases, Problems, and Case Studies (2004).

Thesis

WinitChai SamnaoPhan, Khwam Rapphit Khong Phuthuehun Lae Kammakan Khong
Borisat Phaitai Lakkan Mai Khamnueng Thueng Saphap Nitibukkhon Khong
Borisat [The liability of shareholders and directors of corporations under piercing the corporate veil doctrine] (Apr. 16, 1987) (LL.M. thesis, Thammasat University)

Articles

David H. Barber, Piercing the Corporate Veil, 17 Willamette L. Rev. 371 (1980-1981).
PitiKun ChiRaMongkhonPhaNit, Kan Mai Khamnueng Thueng Saphap Nitibukkhon

[Piercing the corporate veil doctrine] 4-6 available at www.lawthai.org/read/acharnpitikul16.doc.
Peter French, Parent Corporation Liability: an Evaluation of the Corporate Veil Piercing
Doctrine and Its Application to the Toxic Tort Arena, 5 Tul. Envtl. L.J. 605 (1992).
Elizabeth S. Miller, Are There Limits on Limited Liability? Owner Liability Protection and Piercing the Veil of Texas Business Entities, 43-FALL Tex. J. Bus. L. 405 (2009).
Douglas C. Michael, To Know a Veil, 26 J. Corp. L. 41 (2000).
Carsten Alting, Piercing the Corporate Veil in American and German Law-Liability of Individuals and Entities: A Comparative View, 2 Tulsa J. Comp. & Int'L L. 187(1994-1995).
(Katsutoshi Nishikawa),), 
( Application of the Doctrine of Piercing the Corporate Veil in Disposition for

Tax Delinquency), publication of Hiroshima Taxation Bureau Collection Division, available at http://www.nta.go.jp/ntc/kenkyu/ronsou/30/224/ronsou.pdf.
(Yoko Tamura), (The Case Studies of Piercing the Corporate Veil Doctrine), Ritsumeikan University Law Journal
(2007) available at http://www.ritsumei.ac.jp/acd/cg/law/lex/07-4/tamura.pdf.
Aotake Shoichi, The Close Corporation in Japanese Law, Hokkaido University Law Journal (1981) available at http://eprints.lib.hokudai.ac.jp/ dspace/bitstream/2115/16339/1/31(3-4)2_p508-493.pdf.

Websites

http://www.lawthai.org
http://www.law.cornell.edu
http://www.nta.go.jp
http://www.ritsumei.ac.jp
http://www.tomeika.jur.kyushu-u.ac.jp
http://eprints.lib.hokudai.ac.jp