Veil Lifting QUESTION The general reasoning of the Court in this area of Veil Lifting the Corporate veil has been confusing and‚ at times‚ contradictory: Discuss The question requires an analysis of whether the parent company (A); will be liable for the claims against its subsidiary‚ (b): in other words‚ whether the corporate veil can be lifted in this group structure. Both the parent company and its subsidiary are incorporate which have been legally formed. A company once incorporated‚ is a separate
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limited liability which are embodied in the doctrine of corporate veil under company law. However‚ some businessmen‚ law scholars and the public at large argue that corporate veil is nothing but a fallacy meant to dupe business people into a false sense of security. The following presentation seeks to discuss this assertion‚ bringing out the significance and exceptions of the concept of corporate veil. The doctrine of corporate veil emanate from the ruling of the case of Salomon vs Salomon 1897‚ whose
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LIFTING OF THE CORPORATE VEIL INTRODUCTION • The principle of separate corporate personality as confirmed in Saloman v. A Saloman & Co. Ltd. [1897] forms the corner-stone of co. law. • The recognition that a co. is a separate legal entity distinct from its shareholders is often expressed as the veil of incorporation. • Incorporation of a co. casts a veil over the true controllers of the co‚ a veil through which the law will not usually penetrate. • Once a co. is incorporated the courts usually
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the liquidator argued that the debentures used by Mr. Salomon as security for the debt were invalid. They argued that the floating charge should not be valid‚ and Salomon should liable for the company’s debts. The general rule is that there is a veil between the
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film The Painted Veil (2006) by director John Curran‚ an adaptation of the W. Somerset Maugham novel‚ forgoes sugar for pungent truths. This story is steeped in the painful emotions of betrayal‚ resentment and the realities of marrying for the wrong reasons. Viewers are taken on a visually stunning and emotionally charged journey to the meat of the heart where love is not always gentle or syrupy‚ yet can bloom unexpectedly even when scorned and surrounded by death. The Painted Veil explores the devastating
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The pained veil. I have just read one of the Somerset Maugham’s novels under the title of “ The painted veil”‚ which he wrote in 1925. In his preface to the novel Maugham wrote‚ that he had felt a desire to use the story as an inspiration‚ but re-wrote it and made a more modern version of it. According to his words‚ it was the first time he started writing from a story instead of from a character. I can dare say‚ that the plot of the book is very tricky. But there is a great depth of meaning
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Argumentatively discuss the strengths and weaknesses of John Rawls ‘Veil of ignorance’ method John Rawls was a leader in moral and political philosophy‚ a political theorist who argues against utilitarianism and communism. Rawls works with the social contract theory of Hobbes‚ Locke‚ Rousseau and Kant and argues that the moral and political point of view is discovered via impartiality. Rawls explores this viewpoint by envisioning persons in a hypothetical situation‚ the ‘original position’. The
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2013 WL 425598 Page 1 [2013] UKSC 5 [2013] 2 W.L.R. 398 [2013] 1 All E.R. 1296 [2013] 1 All E.R. (Comm) 1009 [2013] 1 Lloyd’s Rep. 466 [2013] 1 B.C.L.C. 179 Official Transcript [2013] UKSC 5 [2013] 2 W.L.R. 398 [2013] 1 All E.R. 1296 [2013] 1 All E.R. (Comm) 1009 [2013] 1 Lloyd’s Rep. 466 [2013] 1 B.C.L.C. 179 Official Transcript (Cite as: 2013 WL 425598) [2013] UKSC 5 VTB Capital plc v Nutritek International Corp and others On appeal from: [2012] EWCA Civ 808 SC President Lord Neuberger‚ Lord Mance
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Washington Irving‚ "The Minister’s Black Veil‚" by Hawthorne‚ and The Crucible‚ by Arthur Miller all share similar themes and they all use different genres and forms to help express the story’s theme. The three stories all comment on Puritan beliefs and the nature of man‚ and they deal with the fear of the unknown and not wanting to face the truths. "The Devil and Tom Walker" is a folk tale‚ which uses satire to describe Puritan beliefs. "The Minister’s Black Veil" is a parable and an allegory‚ where
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The screen adaptation of W.S. Maugham’s novel The painted veil |Directed by |John Curran | |Produced by |Edward Norton | | |Naomi Watts | |Release date(s) |December 20‚ 2006 (US) | |Country |China | |
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