Lifted veil

improper illegal acts. Since an artificial person is not capable of doing anything illegal or fraudulent, the facade of corporate personality might have to be removed to identify the persons who are really guilty. This is known as lifting the corporate veil. Although, in general, the courts do not interfere and essentially go by the principle of separate entity as laid down in the Solomon’s

avoid tax liability. To prevent fraud or misconduct: where there is fraud or misconduct or improper conduct in the affairs of company, the court disregards the corporate veil. The court is under legal obligation to look at the persons who lie behind the corporate personality for the benefit of revenue and to pierce the corporate veil to examine economic realities behind it. In Gilford Motor Co ltd v. Horne a former employee who was bound by a agreement not to solicit customers from his former employers

also known as piercing the corporate veil and is the most frequent method for holding the shareholders liable for the acts of a corporation. Corporate officers, directors and controlling shareholders have a general fiduciary duty of loyalty and care which should govern all their corporate conduct. Unless they breach that duty by gross negligence or acts in bad faith, they usually will have no personal liability to third parties. In order to pierce the corporate veil, third parties have to show personal

to cover the following key issues: 1. Definition and explanations of separate legal entity doctrine and corporate groups. 2. When will a subsidiary company be recognized as an agent of its parent. 3. Under what circumstances can corporate veil be ignored or lifted. Introduction As mentioned in the prescribed text, the judge observes that there are cases where a parent company manages its subsidiary and also where a subsidiary company plays an agent role of its parent due to the parent’s substantial

and the evasion of legal obligations. This paper seeks to address the effects and consequences of the separate legal personality via making references to English and Ghanaian courts which has equally developed a criterion for piercing the corporate veil. A body corporate is a legal person

In attempting to remedy the unjust nature of the American health insurance system, one cannot determine what a just system should be based on the current assessment of society. Inequalities within the current system cannot foster discussion for what we believe is justice because preconceived notions cloud the judgment of even the foremost health policy intellectuals. Many philosophers therefore turn to creating hypothetical societies where these inequalities do not exist as a means to facilitate

Black Veil" by Nathaniel Hawthorne is a short story that was first published in the 1836 edition of the Token and Atlantic Souvenir and reappeared over time in Twice-Told Tales, a collection of short stories by Nathaniel Hawthorne. The short story narrates the events following Reverend Mr. Hooper's decision to begin wearing a black veil that obscures his full face, except for his mouth and chin. Mr. Hooper simply arrives one day at the meeting house wearing the semi-transparent black veil and refuses

In Judicial exceptions, the court mainly lifts the veil for situations involving fraud such as in Gilford Motor Company Ltd. v Horne where the court held that in cases of fraud, the corporate veil would be lifted and the owners made responsible . This scenario doesn’t give any indications for fraud on the part of Royal Stuff Ltd. or Royal Productions Ltd. Another instance where the court lifts the corporate veil is involving group situations. This is when the parent company and a

Black Veil" by Nathaniel Hawthorne is a short story that was first published in the 1836 edition of the Token and Atlantic Souvenir and reappeared over time in Twice-Told Tales, a collection of short stories by Nathaniel Hawthorne. The short story narrates the events that follow Reverend Mr. Hooper's decision to start wearing a black veil that obscures his full face, except for his mouth and chin. Mr. Hooper simply arrives one day at the meeting house wearing the semi-transparent black veil and refuses

The Evolution of the Invisible Man in Invisible Man by Ralph Ellison In everyone's life, there are growing experiences. People evolve not only physically as they get older but also ideologically. Perhaps they might become wiser or shrug off the trendy doctrines that may have tried to shape their destiny long ago. Ralph Ellison illustrates this struggle of change in Invisible Man. The novel begins with a naïve young, black man in the South caught under the evil boot of racism. As the novel