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Macaura v Northern Assurance Co Ltd [1925] AC 619 appeared before the House of Lords concerning the principle of lifting the corporate veil. Unusually, the request to do so was in this case made by the corporation's owner.
Wallersteiner v Moir [1974] 1 WLR 991 is a UK company law case concerning piercing the corporate veil. This case was followed by a connected decision, Wallersteiner v Moir (No 2) , [ 1 ] that concerned the principles behind a derivative claim .
Sir Andrew Morritt VC held that there was enough evidence to lift the veil on the basis that it was a "mere facade". He noted the tension between Adams v Cape Industries plc and later cases and stated that impropriety is not enough to pierce the veil, but the court is entitled to do so where a company is used ‘as a device or façade to conceal the true facts and the liability of the ...
Built in 1874 in Sunderland, England, by Bartram, Haswell, & Co., she was originally named Clan Macleod.Characterized by her biographer Jeff Toghill as a typical "workhorse barque," she was intended to be operated as economically as possible while carrying general cargo worldwide - coal, salt, grain and cotton goods. [1]
The 1990 accounts (the first on line at Companies House) showed premium income of £3.5 billion but a £121 million pre-tax loss in 1990. After three years of losses, General Accident bounced back to record profits in 1993. This was followed by the purchase of the life assurance company, Provident Mutual in 1996. [4] [3]
Pennsylvania Railroad Company: 219 (1925) Taft none none 3d Cir. affirmed S.S. Coamo: 220 (1925) Holmes none none 2d Cir. certification Flanagan v. Federal Coal Company: 222 (1925) Holmes none none Tenn. reversed Stein v. Tip-Top Baking Company: 226 (1925) Holmes none none] W.D. Ky. reversed Kaplan v. Tod: 228 (1925) Holmes none none S.D.N.Y ...
A more than 100-year-old Wichita company has filed for Chapter 11 bankruptcy to restructure the business and potentially bring in new partners. Amid bankruptcy filing, Pioneer Balloon owners find ...
Lee v Lee's Air Farming Ltd [1960] UKPC 33 is a company law case from New Zealand, also important for UK company law and Indian Companies Act 2013, concerning the corporate veil and separate legal personality.