Piercing the Veil in UK Law

  • Prest v Petrodel Resources Ltd
    • Supreme Court
    • 12 Junio 2013
    ... ... of law which entitled him to reach the companies' assets by piercing the corporate veil. This was because the authorities showed that the ... ...
  • VTB Capital Plc v Nutritek International Corpn
    • Supreme Court
    • 06 Febrero 2013
    ... ... Agreement and interest rate swap, on the basis that RAP's corporate veil could in the circumstances be pierced and the respondents held liable as ... As to piercing the corporate veil, both courts have held that, although such a principle ... ...
  • VTB Capital Plc v Nutritek International Corporation
    • Court of Appeal (Civil Division)
    • 20 Junio 2012
    ... ... VTB argues that the court should pierce the corporate veil of RAP so as to show that Marcap BVI, Marcap Moscow and Mr Malofeev are ... , Marcap Moscow and Mr Malofeev are liable to VTB in contract, by piercing the veil of incorporation of RAP. The first and fundamental point is ... ...
  • Ben Hashem v Al Shayif
    • Family Division
    • 17 Abril 2009
    ... ... the doctrine which, under certain circumstances, permits the ‘piercing of the veil of incorporation’, (ii) the ambit and extent of the court's ... ...
  • Adams v Cape Industries Plc
    • Court of Appeal (Civil Division)
    • 27 Julio 1989
    ... ... owned company" in the section dealing with the "corporate veil argument". We shall consider contention (3) and the contentions that ... does not, in my opinion, constitute what is sometimes called ';piercing the corporate veil'; it recognises the legal and factual position ... ...
  • Petrodel Resources Ltd and Others v Prest
    • Court of Appeal (Civil Division)
    • 26 Octubre 2012
    ... ... and control were not in themselves sufficient to pierce the corporate veil. b) Even where there was no unconnected third party interest the ... adopt either by reference to company law authority on "lifting or piercing the corporate veil" or by questioning whether judges have used an ... ...
  • Antonio Gramsci Shipping Corporation v Stepanovs
    • Queen's Bench Division (Commercial Court)
    • 25 Febrero 2011
    ... ... 7 th October 2010) "the Claimants seek to "pierce the corporate veil" and to hold the Defendant jointly and severally liable with each of the ... Defendants, and thus, on the Claimants' case, by virtue of the piercing of the veil, the Defendant were parties, namely that, by way of a standard ... ...
  • Antonio Gramsci Shipping Corporation and Others v Aivars Lembergs
    • Court of Appeal (Civil Division)
    • 19 Junio 2013
    ... ... seen, in this appeal Antonio Gramsci relies, as it did below, on "piercing" a corporate veil. It does not, however, rely on the principal way ... ...
  • Linsen Transport International Ltd v Humpuss Sea Transport PTE Ltd
    • Queen's Bench Division (Commercial Court)
    • 14 Septiembre 2011
    ... ... defendants such as to entitle the court to pierce the corporate veil and to hold that the third to thirteenth defendants had become liable ... was that the claimants could show a good arguable case for piercing the corporate veil and making the third to thirteenth defendants liable ... ...
  • La Générale des Carrières et des Mines v F.G. Hemisphere Associates LLC
    • Privy Council
    • 17 Julio 2012
    ... ... the rare situations exists in which courts will "lift the corporate veil" and look at or to those behind the company ... 22 Here, there ... control of a company are not of themselves sufficient to justify piercing the veil. This is, of course, the very essence of the principle in ... ...
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