Trading in Turbulent Times – When Will Courts Pierce the Corporate Veil?
Alexandra Vrdoljak
Separate legal personality and limited liability are characteristics which make the company the most widely used business structure in Australia.
The term ‘corporate veil’ refers to the way a company is treated as separate from its owners by the law. The ‘corporate veil’ allows companies to have their own, separate legal personality and allows them to acquire and dispose of property, take legal action, be sued, incur liabilities, and enter into contracts.
But when will the 'corporate veil' not protect individuals?
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