Tag Archives: Piercing corporate veil
Court of Appeal applies Supreme Court decision in Prest on piercing corporate veil in a criminal confiscation case
In Prest v Petrodel Resources Limited the Supreme Court considered the basis on which the corporate veil might be pierced (see post). The comments were strictly speaking obiter and were made in the context of a case concerning transfer of … Continue reading
Filed under Miscellaneous
UK Supreme Court confirms corporate veil can be pierced in some circumstances
The Supreme Court has confirmed that a court can in very limited circumstances pierce the corporate veil. According to Lord Sumption, the principle applies when a person is under an existing legal obligation or liability or is subject to an … Continue reading
Filed under Miscellaneous
Supreme Court refuses to pierce corporate veil in VTB Capital Plc’s jurisdiction appeal
The Supreme Court has today unanimously refused to pierce the corporate veil in order to treat an alleged fraudster as a party to a contract entered into by his puppet company: VTB Capital plc v Nutritek International Corp and others [2013] … Continue reading
Filed under Contract, Jurisdiction
Supreme Court hearing on jurisdiction issues in VTB Capital
Starting today, the Supreme Court will hear an appeal against the Court of Appeal’s judgment in VTB Capital plc v Nutritek International Corporation and others [2012] EWCA Civ 808). Herbert Smith Freehills is acting for the appellant, VTB, having been instructed at … Continue reading
Filed under Contract, Jurisdiction
