In Prest v Petrodel Resources Ltd  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.
Business Organizations Law
International Company and Commercial Law Review
Sweet and Maxwell
LEE, Pey Woan.
The Enigma of Veil-Piercing. (2015). International Company and Commercial Law Review. 26, (1), 28-34. Research Collection School Of Law.
Available at: http://ink.library.smu.edu.sg/sol_research/1519
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