Issues and Facts in Prest v Petrodel Resources Ltd. One of the reasons that make case of Prest v Petrodel Resources Ltd.[1] important is that there are many legal problems and issues. In accordance with…
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First of all, what the director is should have clarified. When refering from Section 250 of the 2006 Act, it provides that “director” can be anyone without the concern of what his/her title is.[1] Directors…
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A director’s capacity will originate from the company’s articles. Articles are vital in that they manage the division of intensity among investors and directors, and the composition, structure and activity of the board of directors….
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Understanding the Evasion and Concealment Principles Before the case of Prest v Petrodel Resources Ltd.,[1] the ground to pierce the corporate veil in United Kingdom was based on the agency, single economic entity, sham or…
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The principle in the case of Salomon v A Salomon and Co Ltd.[1] is that the company has a separate legal entity from its shareholders and members. This principle encourages shareholders to invest in companies.[2]…
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There are some legal cases in respect of the piercing the corporate veil following the case of Prest v Petrodel Resources Ltd.[1] After the Prest v Petrodel Resources Ltd.[2] the general comments are that judges…
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The concept of a separate legal entity has existed for more than 500 years. The development of the company’s personality was created by the case of Salomon v A Salomon and Co Ltd.[1] which is…
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Wide Details of the Case One of the most important cases related to the history of incorporation is the case of Salomon v A Salomon and Co Ltd.[1], which is even the cornerstone of the…
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Matters Related to the Legal Personality of the Company The fact that the company is a legal entity means that it is a legal person with certain rights and duties in the eyes of the…
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