Feb 2016 – Popular Law Degree Questions for 2016 (LLB(Hons))(Jurisdiction: England and Wales)

A popular essay question for the (final year) company law exam is about the corporate veil. Questions inevitably cover the landmark ruling in 2013 by the Supreme Court in Prest v Petrodel Resources Ltd, in which the judgement gave a comprehensive analysis as to the circumstances the courts could pierce/lift the corporate veil. In short the judgement has shifted the focus for litigators from piercing the veil, to lifting the veil and showing “concealment” or “evasion”, rather than “facade” or “sham”. See this link for the full judgement: Judgement – Prest v Petrodel

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