Podcast Location:
Download it here [file size: 37.9 MB]
Categories:
Corporate & Commercial Law
Litigation & Dispute Resolution
CPD Points:
Up to 1 point. details »

Due to the difference in guidelines between the SRA and the Bar Standards Board, CPD points are awarded differently for Solicitors, Barristers and Legal Executives:

Regulated by the Solicitors Regulation Authority:
Listen and pass the quiz: Gain 1 CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

Regulated by the Bar Standards Board:
Listen and pass the quiz: Gain 1 accredited CPD point (60 minutes)

Regulated by ILEX:
Listen and pass the quiz: Gain 1 CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

Cost:
  • FREE
Length:
30 minutes of audio
(+ optional 5 minute online quiz)
Plays on Computer:
Yes Downloadable as MP3:    Yes
Contributor(s):
Course Aims:

This CPDcast explains the circumstances in which a company’s veil of incorporation may be pierced by the courts and the effect of the family law case of Petrodel Resources Ltd v Prest (2013) to this wider company law topic. It provides critical analysis of the various judicial approaches to the topic both in Prest and in previous cases and discusses how judicial approaches may evolve in the future.

Outcomes:
After completing the course you will:
  • Understand the common law basis for piercing the corporate veil;
  • Have considered the significance of Petrodel Resources Ltd v Prest (2013);
  • Be aware of the facts of Petrodel Resources Ltd v Prest (2013);
  • Know the effect of Petrodel Resources Ltd v Prest (2013);
  • Be aware of the various differing judicial opinions regarding piercing the corporate veil expressed in Petrodel Resources Ltd v Prest (2013);
  • Have considered how this body of law may evolve in the future.
Level:
General Interest Difficulty: 2 of 5
Classification:
Case Update
Sources and References:
  • Antonio Gramsci v Lembergs [2013] EWCA Civ 730;
  • Gencor ACP Ltd v Dalby [2000] 2 BCLC 734;
  • Gilford v Horne [1933] Ch 935;
  • Jones v Lipman [1962] 1 WLR 832;
  • Petrodel Resources Ltd v Prest [2013] UKSC 34;
  • Trustor v Smallbone [2001] 1 WLR 1177;
  • VTB Capital v Nutritek [2012] EWCA Civ 808.
Tags:

This CPDcast discusses the circumstances under which a company’s veil of incorporation can be ‘pierced’ and the recent decision of Petrodel Resources Ltd v Prest (2013)

Date Recorded: 6th January 2014

Start this CPDcast Activity

© CPDcast.com