Piercing the Corporate Veil

The recent Privy Council case of Persad v Singh emphasised once again that only in exceptional circumstances will a court “pierce the corporate veil” and attach liability to a shareholder for the actions of a company. Whilst this does not necessarily break new ground, it reaffirms a long-standing principle of contract law, and provides some salutary lessons for parties to take note of when entering into commercial contracts.



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