To pierce or not to pierce the corporate veil? - Landmark decision

On 26 October 2012, the England and Wales Court of Appeal delivered an important judgement in Petrodel Resources Ltd & Ors v Prest & Ors [2012] EWCA Civ 1395.

In this landmark divorce settlement case, the Court of Appeal ruled that the High Court had been erroneous in their decision to "pierce the corporate veil" in awarding Yasmin Prest, former wife of oil tycoon Michael Prest, several properties owned by companies that her ex-husband was said to control. Yasmin Prest has appealed this decision to the Supreme Court ... READ MORE

Released by Pearse Trust Blog - 15 April 2013