Monday, 12 November 2012

UK: Supreme Court hears appeal in veil piercing case

The Supreme Court will begin hearing argument today in an appeal from VTB Capital Plc v Nutritek International Corp. [2012] EWCA Civ 808. The issue for the court, as stated in its case summary, is this: where a person uses a puppet company to enter a contract with a third party in order to perpetrate fraud on that third party, can the court pierce the corporate veil and treat that person as a party to the contract? Supreme Court hearings can be watched live here.

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