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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 ...
Henry Jones & Company(1918-1925) Catamaran Coal Mining Company (1925-1932 ) Lady Hopetoun and Port Jackson Marine Steam Museum (Sydney Maritime Museum) (1972-1998) Sydney Heritage Fleet (1998–2002) Australian Heritage Fleet (2002-2004) Sydney Heritage Fleet (2004-current) Builder: Bartram, Haswell & Co, Sunderland, England: Cost: £11,375 ...
This is a list of some of the Insurance Companies carrying on insurance business in Kenya.They are regulated by the Insurance Regulatory Authority: [1]. Allianz; Britam Holdings T/A British-American Insurance Company Kenya Limited, and as Real Insurance Company
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 ...
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]
Jones v Lipman [1962] 1 WLR 832 is a UK company law case concerning piercing the corporate veil.It exemplifies the principal case in which the veil will be lifted, that is, when a company is used as a "mere facade" concealing the "true facts", which essentially means it is formed to avoid a pre-existing obligation.