Re-examining the Exceptions to the ‘Corporate Veil’
The principle of ‘corporate veil’ is fundamental to the foundation of company law. It is a legal fiction propounded in the eminent case of Salomon v A Salomon & Co Ltd (1897) AC 22 (‘Salomon’) being the idea that a company has a legal identity separate and independent from that of the individuals behind it, such as its directors, shareholders and investors. When a company is incorporated, there is in effect a ‘veil’ of incorporation which shields the owners. Its purpose is to restrict or limit personal liability of businesspersons and entrepreneurs in their acts on behalf of their companies by instituting corporate capacity and liability, thereby stimulating business initiatives and growth.
Who Is More Distressed
Countries around the world expect the Covid-19 Pandemic to cause economic devastation. On our shores, many businesses face difficulty in paying their dues.
Guide to Debt Recovery
The Covid-19 pandemic may impact a company’s revenue through cessations in production, delivery of goods or services to the market or significant drops in demand and delays in customers paying outstanding invoices.
Making Dispute Resolutions Arbitrary
In complex construction projects, there are numerous project participants with different roles and responsibilities.
The First Case Decided After View Esteem
The Plaintiff is a developer of a condominium project and appointed the Defendant as their Main Contractor vide the Defendant’s letter enclosing a duly filled bill of quantities with