Corporate Governance and Piercing the Corporate Veil – Supreme Court rules to extend exceptions
12 June 2013
Mayer Brown Legal Update
The Supreme Court's decision in the case of Petrodel v Prest, handed down today, marks a crucial shift in the extent to which the courts will allow the "piercing of the corporate veil". Although the case revolved around a matrimonial dispute, it has profound implications for corporate governance.