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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. Trustor AB v Smallbone (No 2) - Wikipedia

    en.wikipedia.org/wiki/Trustor_AB_v_Smallbone_(No_2)

    Sir Andrew Morritt VC held that there was enough evidence to lift the veil on the basis that it was a "mere facade". He noted the tension between Adams v Cape Industries plc and later cases and stated that impropriety is not enough to pierce the veil, but the court is entitled to do so where a company is used ‘as a device or façade to conceal the true facts and the liability of the ...

  4. 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 ...

  5. Enterprise liability - Wikipedia

    en.wikipedia.org/wiki/Enterprise_liability

    The idea of enterprise liability was supported by the Court of Appeal in DHN Food Distributors Ltd v Tower Hamlets London Borough Council, a case on piercing the corporate veil. [5] More generally in the law of tort, the principle has been argued to have been recognised, albeit indirectly, by cases such as Lister v Hesley Hall Ltd. [6]

  6. Limited liability - Wikipedia

    en.wikipedia.org/wiki/Limited_liability

    [1] [2] A shareholder in a corporation or limited liability company is not personally liable for any of the debts of the company, other than for the amount already invested in the company and for any unpaid amount on the shares in the company, if any—except under special and rare circumstances that permit "piercing the corporate veil."

  7. Creasey v Breachwood Motors Ltd - Wikipedia

    en.wikipedia.org/wiki/Creasey_v_Breachwood...

    Mr Richard Southwell lifted the corporate veil to enforce Mr Creasey's wrongful dismissal claim. He held that the directors of Breachwood Motors Ltd, who had also been directors of Breachwood Welwyn Ltd, had themselves deliberately ignored the separate legal personality of the companies by transferring assets between the companies without regard to their duties as directors and shareholders.

  8. Lift the corporate veil - Wikipedia

    en.wikipedia.org/?title=Lift_the_corporate_veil&...

    Lift the corporate veil. Add languages. Add links ... Download QR code; Print/export ... In other projects Appearance. move to sidebar hide. From Wikipedia, the free ...

  9. Wallersteiner v Moir - Wikipedia

    en.wikipedia.org/wiki/Wallersteiner_v_Moir

    Fraud, lifting the veil Wallersteiner v Moir [1974] 1 WLR 991 is a UK company law case concerning piercing the corporate veil . This case was followed by a connected decision, Wallersteiner v Moir (No 2) , [ 1 ] that concerned the principles behind a derivative claim .