n Without Prejudice - Piercing the corporate veil through the shadow of "trusts" : company law




The notion "piercing the corporate veil" remains one of the most contested areas of litigation within the corporate law context, yet it is the least understood subject. The general principle is that companies or corporate entities are regarded as legal entities with their own juristic personalities, separate from their shareholders and directors. As such, corporate obligations remain that of the company and not the shareholders and directors acting in its interest.


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