Lifting the Corporate Veil

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HomeBrud.gifCompany LawBrud.gifLifting the Corporate Veil

Lifting the Corporate Veil is the judicial process by which Courts will determine the negative / evil character of a company, if any. In the process the corporate identity of the company would be temporarily / permanently removed.

Some instances when this will be necessary are:

  • To determine the true character of the company
  • Determination of residence for tax purposes
  • Fraud and evasion of contractual obligation
  • Tax evasion and inference of agency to prevent it
  • Evasion of statutory provisions - inference of agency to prevent it
  • Trustees

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