1887

n SA Mercantile Law Journal = SA Tydskrif vir Handelsreg - Piercing the veil under section 20(9) of the Companies Act 71 of 2008 : a new direction

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Abstract

The separate legal personality of a company is the very foundation on which company law rests. The Companies Act 71 of 2008 ('the Companies Act') has introduced into South African company law, for the first time, a statutory provision permitting inroads to be made into this fundamental principle. Section 20(9) of the Companies Act permits a court to disregard the separate legal personality of a company and to pierce the corporate veil in instances of 'an unconscionable abuse of the juristic personality of the company as a separate entity'.

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/content/ju_samlj/26/2/EJC161926
2014-01-01
2016-12-07
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