Publication Type
Journal Article
Version
submittedVersion
Publication Date
2015
Abstract
In Prest v Petrodel Resources Ltd [2013] 3 WLR 1, Lord Sumption narrowly confined veil-piercing at common law to those cases where a controller had used a company under his control to evade a pre-existing legal liability. This article argues against this approach as it is so narrow that it practically abolished the jurisdiction. Instead, the jurisdiction should be preserved, and its exercise should be constrained by clearly articulated principles.
Discipline
Business Organizations Law
Publication
International Company and Commercial Law Review
Volume
26
Issue
1
First Page
28
Last Page
34
ISSN
0958-5214
Publisher
Sweet and Maxwell
Citation
LEE, Pey Woan.
The Enigma of Veil-Piercing. (2015). International Company and Commercial Law Review. 26, (1), 28-34.
Available at: https://ink.library.smu.edu.sg/sol_research/1519
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.