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Company Law Adams v Cape
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| Submitted: Fri Mar 02 2007
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LLB Company Law Essay Title: 'We do not accept as a matter of law that the court is entitled to lift the corporate veil as against a defendant company which is the member of a corporate group merely because the corporate structure has been used so as to ensure that the legal liability (if any) in respect of particular future activities of the group (and correspondingly the risk of enforcement of that liability) will fall on another member of the group rather than the defendant company. Whether or not this is desirable, the right to use a corporate structure in this manner is inherent in our corporate law'. Adams v Cape [1990] Ch 433 at 544 per Slade LJ. Discuss Ever since the historic decision of Salomon v Salomon [1897] AC 221 the courts have struggled to give cognisance to existing economic realities within groups of companies whilst at the same time maintaining the sanctity...
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