Veil-Piercing Doctrine: A Critical Analysis of Prest v Petrodel and its Implications

In conclusion, it appears that the veil-piercing doctrine is far from being saved by the new test formulated by Sumption LJ in Prest v Petrodel. The cause of the confusion is mainly due to the ambiguous boundaries of the 'concealment' and 'evasion' principles. Furthermore, the veil-lifting doctrine is redundant, and its application may inadvertently undermine the Salomon principle. Thus, it is suggested that the courts should not have the discretion to disregard the corporate personality.