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COMMERCIAL: To pierce or not to pierce? The Court of Appeal protects the corporate veil

20 July 2012  

Clare Arthurs assesses a recent challenge to corporate protection

The expression ‘Piercing the corporate veil’ is a neat turn of phrase, but what does it actually mean? In VTB Capital plc v Nutritek International Corp (Nutritek) [2012], the Court of Appeal examined the principle in some detail and gave useful guidance on how the courts should apply it.

Additional Info

  • Case(s) Referenced:

    Alliance Bank JSC v Aquanta Corporation & ors [2011] EWHC 3281 (Comm)

    Antonio Gramsci Shipping Corp & ors v Stepanovs [2011] EWHC 333 (Comm)

    Re Darby, ex parte Brougham [1911] 1 KB 95

    Gencor ACP Ltd & ors v Dalby & ors [2000] EWHC 1560

    Gilford Motor Company Ltd v Horne [1933] Ch 935

    Hashem v Shayif & anor [2008] EWHC 2380 (Fam)

    Jones v Lipman [1962] 1 WLR 832

    Salomon v A Salomon & Co Ltd [1897] AC 22

    Trustor AB v Smallbone (no 2) [2001] 1 WLR 1177

    VTB Capital plc v Nutritek International Corp & ors [2012] EWCA Civ 808