The Enigma of Veil-Piercing
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 practical...
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sg-smu-ink.sol_research-34712015-06-30T02:46:08Z The Enigma of Veil-Piercing LEE, Pey Woan 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. 2015-01-01T08:00:00Z text application/pdf https://ink.library.smu.edu.sg/sol_research/1519 https://ink.library.smu.edu.sg/context/sol_research/article/3471/viewcontent/auto_convert.pdf http://creativecommons.org/licenses/by-nc-nd/4.0/ Research Collection Yong Pung How School Of Law eng Institutional Knowledge at Singapore Management University Business Organizations Law |
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Singapore Management University |
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SMU Libraries |
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Asia |
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Singapore Singapore |
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InK@SMU |
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English |
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Business Organizations Law |
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Business Organizations Law LEE, Pey Woan The Enigma of Veil-Piercing |
| description |
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. |
| format |
text |
| author |
LEE, Pey Woan |
| author_facet |
LEE, Pey Woan |
| author_sort |
LEE, Pey Woan |
| title |
The Enigma of Veil-Piercing |
| title_short |
The Enigma of Veil-Piercing |
| title_full |
The Enigma of Veil-Piercing |
| title_fullStr |
The Enigma of Veil-Piercing |
| title_full_unstemmed |
The Enigma of Veil-Piercing |
| title_sort |
enigma of veil-piercing |
| publisher |
Institutional Knowledge at Singapore Management University |
| publishDate |
2015 |
| url |
https://ink.library.smu.edu.sg/sol_research/1519 https://ink.library.smu.edu.sg/context/sol_research/article/3471/viewcontent/auto_convert.pdf |
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