One of the great strengths of UK company law is the reluctance of UK courts to lift the corporate veil except in the most exceptional of cases. Critically analyse this statement.

Business Enterprises

You are required to submit a written coursework addressing the following question:

‘One of the great strengths of UK company law is the reluctance of UK courts to lift the corporate veil except in the most exceptional of cases’. Critically analyse this statement.

Guidance

1. Have regard to the assessment criteria.

2. In this coursework you are expected to engage with as follows:
• A discussion of the concepts of incorporation, separate legal personality and limited liability; and
• Notwithstanding the above, the exceptional circumstances where the ‘Corporate Veil’ may be lifted.