Judicial commentary on corporate personality essay
The purpose of this work is to explore the practical, legal and juridical. application of the unique doctrine of corporate personality among the Nigerian. Company law, its various legal aspects l. This is another application in legal practice of ignoring corporate personality due to the corporation's "personality confusion." After denying the legal personality of the legal entity and breaking the limited liability of the legal entity, the creditor can involve the investor of the legal entity and/or other related parties in the debt relationship. In Singapore, the law is clear on the concept of legal personality. Under the Singapore Companies Act, the law provides in S. 23 1 that 'a company has full capacity to carry on any business or activity, to do any act or to enter into any transaction'. The courts in Singapore have always been slow to disregard a company's interests. This is my postgraduate LL.M study through research focusing on the concept of 'Separate Legal Personality' of a company. It is a topic in the field of corporate law. In the introduction, the thesis examines and analyzes the creation of 'separate legal personality' of companies and its 'neglect' in Ireland, the United States of America, Delaware and Nigeria. A limited liability company has a separate legal personality from its members or shareholders. The barrier between the company's assets and those of its members is known as the "veil of incorporation." However, courts have 'lifted the veil' in certain circumstances, such as when permitted by law, in time of war and to prevent violence,