Why the Veil Must Be Lifted: Understanding the Salomon Principle and Piercing the Corporate Veil
Why the veil must be lifted? The veil shall be lifted to prevent the avoidance of recognition by the eyes of equity. In Lennards Carrying Co V Asiatic Petroleum, the court noted that a corporation is an abstraction. Read more on isochukwu.com A firm is legally distinguished from its owners or shareholders by the corporate … Read more