Corporate Personality in UK Law

  • TRANSACTIONAL: Corporate/London: Looking Around the Corporate Veil by Hywel Jones
    • JD Supra United Kingdom
    International energy agreements frequently incorporate UK law in choice-of-law clauses. Legal principles developed by British courts thus have the potential to affect wide-ranging operations of ene...
    ... ... The corporate veil ... As in many jurisdictions, UK companies benefit from the legal principle of “separate corporate personality” meaning that the acts and liabilities of a company are its own and not those of its shareholders. In a group of companies, each subsidiary is ... ...
  • Staggered Lifting of the Corporate Veil: A Case for Group Insolvency Norms
    • LexBlog United Kingdom
    The recognition of a company’s separate juristic personality by the UK’s House of Lords in its landmark ruling in Salomon v. Salomon A Company Ltd.,[1] remains the basis for modern corporate law.[2...
    ... The recognition of a companys separate juristic personality by the UKs House of Lords in its landmark ruling in Salomon v. Salomon A Company Ltd.,[1] remains the basis for modern corporate law.[2] The ruling ... ...
  • 2020 Will See More Torts In Courts For Construction Cases
    • Mondaq UK
    ... ... directors who evade debt unjustly by using a company's separate corporate personality and intentionally placing that company into liquidation can ... ...
  • Collude, Get Sued (And You May Even Be Held Personally Liable)
    • Mondaq UK
    ... ... dependent on third party funding, and was seeking to pierce the corporate veil. They maintained that H's legal personality, together with the ... ...
  • Beckett Investment Management Group v Hall
    • Mondaq United Kingdom
    ... ... and covenants should be construed without a purist approach to corporate personality ... 2. A restriction of 12 months may be enforceable ... ...
  • Court of Appeal Unim-Prest with Attempts to “Pierce the Veil” of Rating Mitigation Scheme
    • JD Supra United Kingdom
    Empty property rates are a tax on failure; the failure of the owner to let premises or to find its own use for the premises. Given they are charged at the same rates as occupied property, it’s no w...
    ... ... to prevent billing authorities interfering with perfectly legal corporate ownership arrangements, even if they are designed with a desire to avoid ... very limited situations where one may look past a corporate personality to what was “behind the scenes”, and that this could not be such a ... ...
  • Corporate Criminal Liability: A Response To The Law Commission's Discussion Paper ' Part One: Some Points Of Principle
    • Mondaq UK
    ... ... deemed guilty of a crime? The answer is far from obvious. As a ... starting point, the concepts of 'corporate personality' and ... 'crime' do not seem easily compatible. The first is a ... convenient legal fiction, enabling shareholders to make their ... capital work for ... ...
  • Corporate Criminal Liability: A Response To The Law Commission's Discussion Paper ' Part One: Some Points Of Principle
    • Mondaq UK
    ... ... deemed guilty of a crime? The answer is far from obvious. As a ... starting point, the concepts of 'corporate personality' and ... 'crime' do not seem easily compatible. The first is a ... convenient legal fiction, enabling shareholders to make their ... capital work for ... ...
  • Beyond the Corporate Veil
    • Mondaq United Kingdom
    ... ... POST-CONTRACT: ... The principle of separate corporate personality remains intact and it is generally difficult for a claimant to seek to enforce a contractual claim against assets other than those owned directly by ... ...
  • The Corporate Veil And Its Piercing As Clear As…?
    • Mondaq United Kingdom
    ... ... Corporate Personality- the background ... The principle of separate corporate personality, namely that a company is separate from its shareholders and which is ... ...
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