Prest v Petrodel Resources Ltd
Prest narrowed U.K. veil-piercing doctrine by distinguishing concealment from evasion, emphasizing that true veil piercing is exceptional and cannot displace ordinary rules of separate corporate personality on general fairness grounds.
Holding
Prest narrowed U.K. veil-piercing doctrine by distinguishing concealment from evasion, emphasizing that true veil piercing is exceptional and cannot displace ordinary rules of separate corporate personality on general fairness grounds.
Issues
piercing the corporate veilseparate corporate personalitydistinction between shareholder and company assets