LIFTING THE CORPORATE VEIL! DIRECTORS BEWARE, THE COURT MAY ORDER DIRECTORS TO PERSONALLY PAY THE COMPANY’S LIABILITIES

KEY POINTS The Court has considered the circumstances under which the corporate veil of a company may be lifted in order to enforce a Court decree. Considering the prolonged failure to satisfy the decree, the unsuccessful execution attempts, and the director’s role within the company, the Court concluded that exceptional circumstances had been established which...

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