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Lecture 3 Piercing the Corporate Veil

Lecture 3 Piercing the Corporate Veil

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Categories:Types, Business/Law
Published by: jckli2 on Dec 09, 2009
Copyright:Attribution Non-commercial

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06/10/2013

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Lecture
Separate Corporate Personality &Piercing the Corporate Veil
 
Definition
 A company once registered has its own legalpersonality  Artificial rather than natural personHistorically recent characteristic recognised inSalomon v Salomon (1897)AC 22 HL
 
 Vaughan Williams. Benefit without risk.. Anunfair mechanism to defeat the just claims of creditors.Lindley, LJ Intention of parliament, 7. A fraud, a sham, an agent

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