391. Prest v Petrodel Resources Limited [2013] UKSC 34

 Piercing the corporate veil – doctrine affirmed by UKSC – limitations of doctrine defined.

The facts

A number of London properties were owned by a trading corporation.  The properties were not acquired by the corporation in the ordinary course of business and were used by the corporation’s controlling mind for private purposes.

 Upon the divorce of the controller, his wife sought the transfer of the properties to her as part of an equitable redistribution of assets under the Matrimonial Causes Act 1973

Findings

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