With reference to case law and academic commentary, critically discuss the impact that Prest has had in the area of lifting the corporate veil.

COMPANY LAW COURSEWORK

Answer the question below.

‘The Supreme Court’s judgment in Prest v Petrodel [2013] UKSC 34 has been at the centre of attention for almost a decade. Although the judgment talks about the doctrine of lifting the veil being an “incoherent label” (para 106 per Lord Walker), there seems to be a growing consensus that Prest has revived and re-established the Salomon principle instead of undermining it or calling for its abolition.’

With reference to case law and academic commentary, critically discuss the impact that Prest has had in the area of lifting the corporate veil.