Transcription of LIFTING, PIERCING AND SIDESTEPPING THE CORPORATE …
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lifting , PIERCING AND SIDESTEPPING THE CORPORATE VEIL. James Wibberley, Guildhall Chambers & Michelle Di Gioia, Gardner Leader 1. Limited liability companies provide huge commercial benefits for businessmen, but even larger headaches for lawyers when they are forced to explain to lay clients how wealthy individuals can hide behind the veil of incorporation when a business deal goes south. This is, if anything, a growing problem as individuals and their accountants become increasing sophisticated at manipulating CORPORATE structures to avoid the consequences of litigation in the same way they do tax. The worst offenders are those, such as directors, who seek to use limited companies to avoid personal obligations and liabilities. 2. This talk aims to explore the extent to which the difficulties posed by the CORPORATE veil can be overcome.
1 LIFTING, PIERCING AND SIDESTEPPING THE CORPORATE VEIL James Wibberley, Guildhall Chambers & Michelle Di Gioia, Gardner Leader 1. Limited liability companies provide huge commercial benefits for businessmen, but even larger
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