Lifting the Veil of Incorporation
The aim of the paper is to explore recent case law in order to determine whether courts have moved away from an overly restrictive approach when dealing with cases relating to the corporate personality. The basic presumption is that the court will lift the veil of incorporation in instances when equity demands that justice be dispensed Yet court decisions have shown that there was no clear-cut rule as to what constitutes injustice that would merit court intervention and disregarding the principle held in the Salomon case. The Producers Episode 1 Dramabeans Korean Drama Recaps This is known as lifting of corporate veil. . However there are cases where the courts may. The effect of the House of Lords unanimous ruling was to uphold firmly the doctrine of corporate personality as set out in the Companies Act 1862 so that creditors of an insolvent company could not sue the companys shareholders to pay up outstanding debts. Designmethodologyappr...