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  2. Piercing the corporate veil - Wikipedia

    en.wikipedia.org/wiki/Piercing_the_corporate_veil

    Piercing the corporate veil or lifting the corporate veil is a legal decision to treat the rights or duties of a corporation as the rights or liabilities of its shareholders. Usually a corporation is treated as a separate legal person , which is solely responsible for the debts it incurs and the sole beneficiary of the credit it is owed.

  3. Corporate veil in the United Kingdom - Wikipedia

    en.wikipedia.org/wiki/Corporate_veil_in_the...

    The corporate veil in the United Kingdom is a metaphorical reference used in UK company law for the concept that the rights and duties of a corporation are, as a general principle, the responsibility of that company alone. Just as a natural person cannot be held legally accountable for the conduct or obligations of another person, unless they ...

  4. Re Darby, ex p Brougham - Wikipedia

    en.wikipedia.org/wiki/Re_Darby,_ex_p_Brougham

    Fraud, lifting the veil Re Darby, ex parte Brougham [1911] 1 KB 95 is a UK company law case concerning piercing the corporate veil . It is a clear example of the courts ignoring the veil of incorporation where a company is used to conceal a fraudulent operation.

  5. Jones v Lipman - Wikipedia

    en.wikipedia.org/wiki/Jones_v_Lipman

    Jones v Lipman [1962] 1 WLR 832 is a UK company law case concerning piercing the corporate veil.It exemplifies the principal case in which the veil will be lifted, that is, when a company is used as a "mere facade" concealing the "true facts", which essentially means it is formed to avoid a pre-existing obligation.

  6. Prest v Petrodel Resources Ltd - Wikipedia

    en.wikipedia.org/wiki/Prest_v_Petrodel_Resources_Ltd

    Piercing the corporate veil. 16. I should first of all draw attention to the limited sense in which this issue arises at all. "Piercing the corporate veil" is an expression rather indiscriminately used to describe a number of different things. Properly speaking, it means disregarding the separate personality of the company.

  7. Woolfson v Strathclyde Regional Council - Wikipedia

    en.wikipedia.org/wiki/Woolfson_v_Strathclyde...

    The grounds for the decision were (1) that since D.H.N. was in a position to control its subsidiaries in every respect, it was proper to pierce the corporate veil and treat the group as a single economic entity for the purpose of awarding compensation for disturbance; (2) that if the companies were to be treated as separate entities, there was ...

  8. Aegis No More: Disarming Residential Developers Through ... - AOL

    www.aol.com/news/aegis-no-more-disarming...

    Corporate veil piercing removes the possibility of a large developer allowing a defunct entity to absorb a judgment without payment. Corporate veil piercing removes the possibility of a large ...

  9. Walkovszky v. Carlton - Wikipedia

    en.wikipedia.org/wiki/Walkovszky_v._Carlton

    Walkovszky v. Carlton, 223 N.E.2d 6 (N.Y. 1966), [1] is a United States corporate law decision on the conditions under which Courts may pierce the corporate veil. A cab company had shielded itself from liability by incorporating each cab as its own corporation. The New York Court of Appeals refused to pierce the veil on account of ...