Corporate Personality and Legal Status: an Analysis of Separate Legal Personality and the Lifting of the Corporate Veil
Year: 2025
Type: article
Abstract: This thesis explores the principle of separate legal personality in corporate law and the limited circumstances under which courts may lift the corporate veil. Rooted in the landmark case Salomon v A Salomon & Co Ltd [1897], the doctrine treats a company as a distinct legal entity, offering protection to shareholders and encouraging investment. However, this legal separation can also be misused to avoid liability or conceal wrongdoing. Using a doctrinal research approach, the study examines key legal sources including statutes, judicial decisions, and academic literature. Special focus is given to recent cases such as Prest v Petrodel Resources Ltd [2013] and Sevilleja v Marex Financial Ltd [2020], which have redefined the boundaries for veil-piercing in the UK. The findings reveal that courts remain cautious and restrict intervention to cases of legal evasion, prioritising legal certainty over broader notions of fairness.
Author: Nosirov, Kobiljon
Language: English
Topic: Corporate Governance and Law
Subfield: Strategy and Management
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W6967877479
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