International Corporate Veil 11

THE CASE OF CORPORATE VEIL 11 international corporate law Contents Introduction 2 Separate Legal Identity: An evaluation 2 Lifting of Corporate Veil: Significance and Obligation 3 of the Corporate Veil: Approach of the English Courts 5 Conclusion 8 Bibliography 10 Introduction With the enhanced complexities in the business operations, companies are lately being managed by the professionals that are separate from the various stakeholder groups of the entity, rendering the corporate a separate legal identity. The disregarding of the corporate personality or the ‘Lifting of