The Corporate Veil in a Construction Context

My recent joint article with Chris Bryden in Construction Law:

CL-March2020-KB-240220

Key Points:

  • The concept of limited liability plays an important role in corporate life.
  • But it shields director from the misery felt along the supply chain in the event of insolvency.
  • Claims can sometimes be pursued however against directors.
  • Case law suggests that true instances of piercing the corporate veil will be rare.
  • Insolvency will usually mean that the supplier loses out, as a consequence of the greater good of limited liability from a macroeconomic perspective.

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