Although the doctrine of separate legal entity was affirmed in the leading case of Salomon v...

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Although the doctrine of separate legal entity was affirmed in the leading case of Salomon v Salomon & Co Ltd [1897] AC 22, the court would lift the corporate veil in order to prevent a substantial injustice in some circumstances. Required: Discuss the circumstances in which the court would lift the corporate veil by statute and at common law. You have to conduct a self-direct research and present your answer with reference to case law and the relevant sections of the Corporations Act 2001 (Cth). Although the doctrine of separate legal entity was affirmed in the leading case of Salomon v Salomon & Co Ltd [1897] AC 22, the court would lift the corporate veil in order to prevent a substantial injustice in some circumstances. Required: Discuss the circumstances in which the court would lift the corporate veil by statute and at common law. You have to conduct a self-direct research and present your answer with reference to case law and the relevant sections of the Corporations Act 2001 (Cth).

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The doctrine of the separate legal entity as established in the case of Salomon v Salomon Co Ltd 1897 AC 22 is a fundamental principle in corporate law that recognizes a company as a distinct legal en... View the full answer