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Essay

Piercing the corporate veil

Essay specific features

 

Issue:

Miscellaneous

 

Written by:

Sarah S

 

Date added:

August 7, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

10 / 2741

 

Was viewed:

3446 times

 

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Essay content:

Salomon and Company Limited as stated by Marc Moore in his recent article, the House of Lords, "emphasised that the formally separate personality of a company should prevail in the eyes of the law and, consequently, in the opinion of a court, regardless of any economic or moral considerations that might otherwise justify regarding a registered company as the mere extension of its de facto incorporators...
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Salomon ran a successful leather business as a sole trader. He then set up a company in which he was the main shareholder. He loaned the company money which he secured with the assets of the company. He observed the tenets of company law at all times. He was also the main shareholder and further to that the main creditor due to the loan...
displayed 300 characters

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