Piercing the Corporate Veil in Australia Ian M Ramsay Harold Ford Professor of Commercial Law and Director‚ Centre for Corporate Law and Securities Regulation The University of Melbourne David B Noakes Solicitor‚ Allen Allen & Hemsley‚ Sydney‚ and Research Associate‚ Centre for Corporate Law and Securities Regulation The University of Melbourne There is a significant amount of literature by commentators discussing the doctrine of piercing the corporate veil. However‚ there has not been a comprehensive
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Case of Piercing The Corporate Veil PT Peresseia Mazekadwisapta Abadi (Primaz) Background PT Peresseia Mazekadwisapta Abadi (Primaz) located at Jalan Jenderal Suprapto Komplek Ruko Grosir Cempaka Mas Blok F 14‚ Jakarta Pusat is a company engaged in trading Gold Bars (Precious Metals)‚ which buys and sells Gold Bars (Precious Metals) 24 carat (999 ‚ 9) with a program of regular discounts and warranty repurchase as the initial purchase price. PT Peresseia Mazekadwisapta Abadi (Primaz) offers
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The rule of piercing the Corporate Veil and what is its implement actuality under China company law ? Introduction In regardless of the jurisdictions‚ it is generally accepted that shareholders among a corporation are not liable for the obligations of the corporation in the circumstance where exceed their investments in the corporation. However‚ this limited liability is not absolute that make shareholders exempted from corporation obligations. In certain circumstances‚ the separate legal person
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legal personality and the lifting of the corporate veil from the cases of Salomon v A Salomon co ltd (1897)‚ Catherine lee v Lee’s Air farming ltd (1960). Salomon v Salomon was the first principle case of its kind and its principle was that a limited company is a separate legal entity‚ in catherine lee v lee this case was reaffirmed‚ and Gilford Motors v Horne was the first law case to ‘pierce the corporate veil’. WHAT IS THE PRINCIPLE OF separate CORPORATE PERSONALITY? There are 3 types of ownership
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Abolishing Veil Piercing Stephen M. Bainbridge * “I weigh my words when I say that in my judgment the limited liability corporation is the greatest single discovery of modern times . . . . Even steam and electricity are far less important than the limited liability corporation‚ and they would be reduced to comparative impotence without it.” –President Nicholas Murray of Columbia University (1911)1 I. INTRODUCTION ...............................................................................
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Doctrine of Piercing the Veil of Corporate Entity Requires the court to see through the protective shroud which exempts its stockholders from liabilities that they ordinarily would be subject to‚ or distinguishes a corporation from a seemingly separate one‚ were it not for the existing corporate fiction (Lim vs CA‚ 323 SCRA 102) Extent: The application of the doctrine to a particular case does not deny the corporation of legal personality for any and all purposes‚ but only for the particular transaction
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To Veil of Not To Veil Those of people that are brought up in typical western culture believe that Muslim women who wear the job symbolize the continued oppression of women in the Middle East. In “To Veil or Not To Veil” Jen’nan Ghazal and John P. Bartkowski perform a case study of different forms of identity among Muslim women in Austin Texas. This experiment delves into Muslim culture and tries to analyze both sides of the argument a primarily factual essay. The article carefully analyses both
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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 do
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CITY LIFT LTD Page | 1 Manpower Plannning & Forecasting MGT: 425 Section: 1 Plagiarism Oath Plagiarism is the process of taking someone else’s work and passing it off as your own. Any direct quotes should be put in quotation marks. All resources should be cited using the phrases “information gathered from…” or “source…” followed by the URL from which the information was obtained. All writing should be in my own words unless I have placed it in quotation marks and cited it correctly. All
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Lifting of Corporate Veil in Tort Cases in Pursuit of Justice Introduction Limited liability has been the prevailing rule for corporations for more than a century. It creates incentives for excessive risk-taking by allowing companies to avoid the full costs of their activities. Strict application of this rule in all cases would lead to inflexibility and injustice‚ particularly in tort cases. Therefore‚ as suggested by Stephen Griffin—“in the interests of justice and to prevent subsidiary companies
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