Critically discuss the extent does the Supreme Court’s decision in Prest bring clarity and legal certainty in relation to the application of the doctrine of piercing the corporate veil.

In Prest v Petrodel [2013] UKSC 34, Lord Walker argued that piercing the corporate veil is “simply a label […] to describe the disparate occasions on which some rule of law produces apparent exceptions to the principle of the separate juristic personality of a body corporate.” (para 106 of the judgement).

Critically discuss the extent does the Supreme Court’s decision in Prest bring clarity and legal certainty in relation to the
application of the doctrine of piercing the corporate veil.