Piercing The Corporate Viel Flashcards
1
Q
Priest v Perridel Resources Ltd
A
Mrs P sure her husband for financial provision on divorce but all their assets were in his company so she sued them ubstead
Said company and husband were separate legal personalities and he had not used companies to keep anything from her
Courts concluded the veil could only be pierced where an individual interposes a company existing legal obligation, liability or restriction’
2
Q
Gilford Motor Co ltd v Horne
A
Corporate veil could be pierced, H was contractually I lodged not to engage in business to compete with the claimant, so arranged for his wife to do it under another company he created.
Lord Sumption said that it must be necessary to pierce the corporate veil
