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- Title
Prest v Petrodel Resources and VTB Capital v Nutritek: a Robust Corporate Veil.
- Authors
McArdie, Wayne; Jones, Gareth
- Abstract
The article discusses the decision of the Great Britain Supreme Court in two court cases, Prest v Petrodel Resources Limited and Others, and VTB Capital pic v Nutritek International Corp and Others in terms of corporate veil. It mentions that in the Prest case, law of trusts was applied for considering the piercing of corporate veil. It states that the court in both the cases decided that the corporate veil may be pierced where a corporate structure has been used to avoid legal obligation.
- Subjects
GREAT Britain. Supreme Court; PETRODEL Resources Ltd.; NUTRITEK International Corp.; CORPORATE veil; OBEDIENCE (Law)
- Publication
Business Law International, 2013, Vol 14, Issue 3, p295
- ISSN
1467-632X
- Publication type
Article