Protecting The Concept of Legal Entity of The Corportions From Piercing The Corporate Veil: Prest V Petrodel Resources Ltd. & 6 Years On

The concept of legal entity and the piercing the corporate veil will be explained by giving examples from the cases. After these concepts will be examined in the thesis and the necessary information infrastructure for the reader is created, the case of Prest v Petrodel Resources Ltd will be examined.

The efforts of the judges to not pierce the corporate veil will be understood by this case. in addition to this; it will be discussed vvhether these two new principles which are alternative to the old veil-piercing judicial ground, called evasion and concealment principle; can guide courts adequately for future cases and the attitude of the other judges towards the new principles by Lord Sumption. it will also be understood that what is intended to be protected with this effort and how it constitutes a precedent on other cases after this case.