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... VEIL BY THE JUDICIARY
‘The drawing aside of the veil by the judiciary is difficult in that it cannot be said with real precision when a judge will be persuaded by argument that the court should look behind the corporate mask and reach a decision on that basis. However, it can be said that the power of the judiciary to ignore the rule of separate personality is a tactic that can be used in case law in a flexible way to deal with the fraudulent use of the corporate entity’. ...
Veil lifting by the judiciary includes:
a) Fraud: Where the company is a front for a fraud, the courts will pierce the veil of incorporation, thus ignoring its corporate identity.
Approximate Word count = 1235 Approximate Pages = 4.9 (250 words per page double spaced)
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