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Business Advice In advising Gus, Gloria, and the liquidator (collectively known as the "claimants") as to the sustainability in law of their respective claims in relation to, Rajinder (hereinafter referred to as "R"), Sarah (hereinafter referred to as "S"), and the liquidated company Exotic Holidays Ltd. (hereinafter referred to as "E Ltd."), the core issue appears to be that of corporate identity as opposed to personal identity of the members of the corporate entity. Issues relating to the general effects and consequences of incorporation are also discussed, namely, issues of separate legal personality, liability and related exceptions, which in turn necessitates consideration of the "corporate veil" and under what circumstances the courts will be prepared to assign liability etc beyond the corporate entity to the members. Before considering individual claims, some thought is given to the general or fundamental issue of legal identity, on the grounds that this is central to all the...

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