Answer the second question in the Ayo Philips Courtroom Mail Prize for young lawyers.The first 30 to give the correct answer will be qualified for the next stage next saturday by 8:30am. Remember,you must be 1-5 post call to qualify.
In relation to the ‘veil of incorporation’ that is a feature of a limited company’s separate legal personality, in which of the following circumstances will a court NOT lift the veil to identify the true nature of the relationship.
i) Where the company has been established to commit a fraud.
ii) Where the company has been established to circumvent contractual agreements.
iii) In the interests of justice.
iv) Where a subsidiary company was acting as agent for the parent undertaking.
a) All of the above
b) ii and iv
c) iii only
d) ii, iii and iv