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Lifting veil of incorporation in group situations

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › Lifting veil of incorporation in group situations

  • This topic has 1 reply, 2 voices, and was last updated 7 years ago by MikeLittle.
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  • December 29, 2017 at 5:10 pm #426765
    humai
    Participant
    • Topics: 757
    • Replies: 248
    • ☆☆☆☆☆

    Sir, In group situations what are the conditions where veil of incorporation can be lifted and where it cannot be lifted?

    Also in DHN Food Distributors v London Borough of Tower Hamlets (1976), the veil of incorporation was lifted. However, in Adams v Cape Industries (1990) the veil was not lifted. Why is that so, can you please explain

    December 29, 2017 at 7:41 pm #426768
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23327
    • ☆☆☆☆☆

    No, that I cannot explain! It seems to depend upon the mood of the Court as to whether or not the Court is able to draw any distinction in order to be able to avoid that burden of precedent

    But you cannot possibly be asked any question in F4 where any answer that I could give you would be relevant

    So, move on

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  • The topic ‘Lifting veil of incorporation in group situations’ is closed to new replies.

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