Piercing of Corporate Veil in the Nigerian and English Legal Systems: A Comparative Appraisal
| dc.contributor.author | Ahmed Abiodun Muhammed-Mikaaeel | |
| dc.date.accessioned | 2023-08-11T20:19:32Z | |
| dc.date.available | 2023-08-11T20:19:32Z | |
| dc.date.issued | 2021-10-25 | |
| dc.description.abstract | Piercing of corporate veil is on the increase nowadays resulting from the increase in the commission of corporate crimes by corporate managers. Corporate managers now realise that veil of incorporation no longer serves as hiding place for them to avoid consequential personal liability. The corporate legal framework in Nigeria does not only recognise the corporate legal personality of duly incorporated companies but also gives credence to lifting of corporate veil by the court in deserving situation. This study is essentially literature based and, upon the foregoing background, investigates the instances warranting lifting of corporate veil by the court in Nigeria and England with particular emphasis on the relevant legal frameworks in the two countries and draw lessons for Nigeria from English experience. The study argues that Nigeria has a robust legal framework for lifting of corporate veil in deserving situation and recommends adequate enforcement for effectiveness. | |
| dc.identifier.citation | Al-hikmah University Journal of Private and Business Law | |
| dc.identifier.issn | 2811-1540 | |
| dc.identifier.uri | https://kwasuspace.kwasu.edu.ng/handle/123456789/915 | |
| dc.language.iso | en | |
| dc.publisher | Al-Hikmah University, Private and Business Law Department, Ilorin, Nigeria | |
| dc.relation.ispartofseries | 1; 1 | |
| dc.title | Piercing of Corporate Veil in the Nigerian and English Legal Systems: A Comparative Appraisal | |
| dc.type | Article |