Consider The Circumstances Under Which The Corporate Veil Can Be Lifted And Analyse How Effective The Law Is In Piercing The Veil When Necessary Essays and Term Papers

  • Corporate Liablity Sharing

    1. Introduction: The process of evolution of man kind led nomadic human beings to collective activities .Activities which were started as struggle for survival turned into ‘for profit’ by providing others with goods of necessity. With increase in wealth and affordability, service sector entered....

    5650 Words | 16 Pages

  • The Principle of Separate Corporate Personality

    The Principle of Separate Corporate Personality The principle of separate corporate personality has been firmly established in the common law since the decision in the case of Salomon v Salomon & Co Ltd, whereby a corporation has a separate legal personality, rights and obligations totally distinct...

    2917 Words | 8 Pages

  • The Need for More Regulation on Group Structure Organisations

    CORPORATE GROUP STRUCTURE The issue in this essay is to critically analyse and evaluate the legal nature of corporate groups and the liability and responsibilities of interlinked companies; analysing the corporate group as a vehicle for global business and the need for regulation. The assertion is...

    6123 Words | 15 Pages

  • Corporatelaw

    Background One of the primary benefits of creating a corporate entity is to limit the liability of the shareholders. However, under certain circumstances the corporate entity may be disregarded. This is also known as piercing the corporate veil and is the most frequent method for holding the shareholders...

    7965 Words | 22 Pages

  • Piercing the Veil in Taxation Matters

    Piercing the veil is one of the most discussed and litigated doctrines in all of corporate law. A company has a corporate personality distinct from its members. From the juristic point of view, it is a legal person distinct from its members. This is the principal laid down in Salomon v. Salomon &...

    7796 Words | 19 Pages

  • Piercing the Corporate Veil in Australia

    Piercing the Corporate Veil in Australia Ian M Ramsay Harold Ford Professor of Commercial Law and Director, Centre for Corporate Law and Securities Regulation The University of Melbourne David B Noakes Solicitor, Allen Allen & Hemsley, Sydney, and Research Associate, Centre for Corporate Law and Securities...

    15226 Words | 50 Pages

  • Piercing_the_Corporate_Veil

    (2001) 19 Company and Securities Law Journal 250-271 Piercing the Corporate Veil in Australia Ian M Ramsay Harold Ford Professor of Commercial Law and Director, Centre for Corporate Law and Securities Regulation The University of Melbourne David B Noakes Solicitor, Allen Allen & Hemsley, Sydney...

    13966 Words | 40 Pages

  • Business Law Group Project FINAL

     Lifting the Corporate Veil Business Law Assignment MGMT 2021 28th October, 2013 Prepared By: BRIGGETTE BRATHWAITE(412000034) JULICA CAVE(412000690) RICHARD COGGIN(412000063) CHARLENE CORBIN(412000064) JOSHUA GAY(412000100) Introduction Business Law is a branch of law that institutes...

    4331 Words | 18 Pages

  • Rishabh

    WANT TO SOLVE IN DTC ABSTRACT Tax is like a fictional character ‘Robinhood’ which takes money from the riches to serve the public purpose.However the purpose of this inanimate Robinhood fails when the mask of corporate personality is used to evade andavoid taxes with an angle of international transaction...

    6451 Words | 18 Pages

  • My Best Work

    3 Lifting the veil SUMMARY Introduction Statutory examples Veil lifting by the courts Classical veil lifting, 1897–1966 The interventionist years, 1966–1989 Back to basics, 1989–present Tortious liability Parent company personal injury tortious liability Commercial tort The costs/benefits...

    9123 Words | 43 Pages

  • Case Law Review: Vtb Capital Plc V. Nutritek International Corp & Ors

    CASE LAW REVIEW: VTB CAPITAL PLC v. NUTRITEK INTERNATIONAL CORP & ORS INTRODUCTION The concept of forming of corporations by registration and restricted liability of stake holders of corporations dates back to mid nineteenth century. The concept in its very basic sense means that a company is a...

    2128 Words | 6 Pages

  • Separate Corporate Personality

    discuss the principles of separate corporate personality and limited liability in relation to companies. Introduction- Overview of Separate Corporate Personality and Limited Liability This principle of a separate corporate personality has a long-standing concept which can be found before the landmark...

    3356 Words | 5 Pages

  • Lifting the Coporate Veil

    LIFTING THE CORPORATE VEIL (i) Introduction (ii) Principles of Corporate Personality (iii)Statutory Exceptions (iv)Common Law and the Mere Façade Test (v) Agency and Groups (vi)Conclusions INTRODUCTION 1. When a creditor discovers that a debtor company is insolvent, the creditor will frequently ...

    4762 Words | 14 Pages

  • Peircing the Veil on Corporate Group

    PIERCING THE VEIL ON CORPORATE GROUPS IN AUSTRALIA: THE CASE FOR REFORM HELEN ANDERSON* [Many large-scale businesses are conducted through the form of corporate groups, each company being a separate legal entity enjoying limited liability. This can create problems for those dealing with corporate group...

    20721 Words | 63 Pages

  • Business Law

    Research Paper: The law laid down in Soloman v. Soloman and Co. is often considered the source on the basis of which the jurisprudence of corporate personality has been written world over. However, the history of corporate-commercial litigation has witnessed situations where in the Courts have...

    2465 Words | 7 Pages

  • “…the Courts Can and Often Do, Draw Aside the Veil. They Can, and Often Do, Pull Off the Mask. They Look to See What Really Lies Behind. the Legislature Has Shown the Way… the Courts Should Follow Suit”.

    Law of Business Associations Assessed Coursework Question 1 (a) Essay “…The courts can and often do, draw aside the veil. They can, and often do, pull off the mask. They look to see what really lies behind. The legislature has shown the way… the courts should follow suit”.[1] When a company...

    4004 Words | 12 Pages

  • Corporate Personality

    Module Title: Company Law Company Law Assignment – Question A In this assignment, I will identify the theory of a corporate personality, demonstrate why companies exist autonomously from their promoters or owners, introduce the concept of a company having a corporate veil, and finally to identify...

    4411 Words | 12 Pages

  • Veil

    Abolishing Veil Piercing Stephen M. Bainbridge * “I weigh my words when I say that in my judgment the limited liability corporation is the greatest single discovery of modern times . . . . Even steam and electricity are far less important than the limited liability corporation, and they would be...

    33227 Words | 94 Pages

  • Corporate Governance

    I. REGISTERED COMPANY, LIMITED LIABILITY, LIFTING THE VEIL Structure 1. Registered Company (i) Registered Company limited by share – CA 2006, s 3(1) + (2) (ii) Separate Legal Entity (SLE) – Int. Act 1978, s 8, Sch 1; LPA 1925 s 61 (iii) Perpetual Existence – can’t die, wound up ...

    4073 Words | 15 Pages

  • The Rule Of Piercing The Corporate Veil

    The rule of piercing the Corporate Veil and what is its implement actuality under China company law ? Introduction In regardless of the jurisdictions, it is generally accepted that shareholders among a corporation are not liable for the obligations of the corporation in the circumstance where exceed...

    3719 Words | 11 Pages