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The doctrine laid down in Salomon v Salomon & Co Ltd has be watched very carefully … The courts can and often do draw aside the veil … The legislature has shown the way with group accounts and the rest. And the courts should follow suit.
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The doctrine laid down in Salomon v Salomon & Co Ltd has be watched very carefully ... The courts can and often do draw aside the veil ... The legislature has shown the way with group accounts and the rest. And the courts should follow suit (littlewoods mail order store Ltd v IRC 1969 per Lord Denning MR) Answer plan While questions lifting the veil are fairly common, such questions are not well answer by saying that there is a large number of cases where the courts will left the veil and then listing them. A question such as this calls for effective deployment of the cases and discussion of Lord Denning's view that the court should be more interventionist in disregarding corporate personality. Answer The fundamental attribute of corporate personality is that the company is a legal entity distinct from its member- a company is a legal person. Corporate personality was created...
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