CORPORATE VEIL
Liberty University
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Exam (elaborations)
Company Law- Lecture 4 - CORPORATE VEIL
Liberty University
CORPORATE VEIL
Company Law- Lecture 4 - CORPORATE VEIL • As a separate legal entity, the courts are extremely reluctant to interfere in the internal workings of a company and, as such, to lift the corporate veil. • Indeed, the process is extremely rare in practice. This is due to the Salomom principle and the fact that courts and judges want to protect it as oppose to go against it as it introduced limited liability which would not exist without this principle. • However, on some occasions the cou...
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