Should The Corporate Veil Be More Porous?

April 14, 2024/in management /by bonniejecinta

BackgroundShould the corporate veil be more porous? Discuss with particular reference to Adams v Cape Industries plc [1990] Ch 433 and recent English authority?
The purpose of corporate veil is to distinguish a company as a legal person that has a separate identity from its shareholders. In this way, when the relevant test has been satisfied, willingness has been shown by the courts to pierce the corporate veil. On many occasions, the c…

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Should The Corporate Veil Be More Porous?

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