Publication Type

Journal Article

Version

Preprint

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

Research Areas

Commercial 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

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