Lifting the Corporate Veil in UK Law

  • Standard Chartered Bank v Pakistan National Shipping Corporation and Others
    • House of Lords
    • 06 November 2002
    ...... has been held permissible to lift the corporate veil, e g where the company is a mere façE7ade, ... Although Aldous LJ referred to lifting the corporate veil, the question of the limited ......
  • VTB Capital Plc v Nutritek International Corporation
    • Court of Appeal (Civil Division)
    • 20 June 2012
    ...... second and third defendants and other corporate entities involved, the claimants are in a ... that the court should pierce the corporate veil of RAP so as to show that Marcap BVI, Marcap ...If the arrival at this result requires a lifting of Burnstead's corporate veil, then I regard this ......
  • Prest v Petrodel Resources Ltd
    • Supreme Court
    • 12 June 2013
    ...... Jack Murphy, a director of PRL and the corporate secretary of the three respondent companies, who ... companies' assets by piercing the corporate veil. This was because the authorities showed that the ... which according to the husband started lifting oil in 2010. In the company's financial ......
  • Adams v Cape Industries Plc
    • Court of Appeal (Civil Division)
    • 27 July 1989
    ....... . 63 19. As to control over corporate activities: the corporate, as opposed to ..." in the section dealing with the "corporate veil argument". We shall consider contention (3) and ...860) as follows: "Third, lifting the corporate veil. A further very interesting ......
  • D.H.N. Food Distributors Ltd v Tower Hamlets London Borough Council
    • Court of Appeal (Civil Division)
    • 04 March 1976
    ...... licence; third, that we should lift the corporate veil and treat D.H.N, as the owners. And that, in ... . 16 Third, Lifting the Corporate Veil. A further very interesting ......
  • Ben Hashem v Al Shayif
    • Family Division
    • 17 April 2009
    ......, permits the ‘piercing of the veil of incorporation’, (ii) the ambit and extent of ... it is appropriate to pierce or lift the corporate veil. ii) Second, and given, she says, ...If the arrival at this result requires a lifting of Burnstead's corporate veil, then I regard this ......
  • Conway v Ratiu and Others
    • Court of Appeal (Civil Division)
    • 08 November 2005
    ...... Regent and Pristbrook or between those corporate clients and Mr Ratiu and Mr Karmel. He said that ... issue involved, to draw back the corporate veil to do justice when common-sense and reality ... of trust, confidence and loyalty, for lifting the corporate veil where the facts require it to ......
  • VTB Capital Plc v Nutritek International Corpn
    • Supreme Court
    • 06 February 2013
    ...... rate swap, on the basis that RAP's corporate veil could in the circumstances be pierced and ...The terms "piercing" and "lifting" appear throughout the authorities, sometimes ......
  • Lakatamia Shipping Company Ltd v Nobu Su and Others
    • Court of Appeal (Civil Division)
    • 14 May 2014
    ...... with the important principles of corporate identity enshrined in Salomon v A Salomon and Co ... ever to consider piercing of the corporate veil, still less for the extensive jurisprudence on ... (9) As to piercing or lifting the corporate veil: ownership and control of a ......
  • Petrodel Resources Ltd and Others v Prest
    • Court of Appeal (Civil Division)
    • 26 October 2012
    ...... the first respondent, there were seven corporate respondents. None of the corporate respondents ... sufficient to pierce the corporate veil. b) Even where there was no unconnected ... by reference to company law authority on "lifting or piercing the corporate veil" or by questioning ......
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