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Prest v Petrodel Resources Limited

Author: Chris Millar

The Supreme Court decided that assets were held by a company as bare trustee for the husband, and therefore could be brought into account, but also held that if a Court can find no other way to get at the assets in question where an individual seeks to evade a legal obligation by interposing a company, then the Court may be prepared to pierce the corporate veil.

Chris Millar

Chris Millar

Senior Partner

Tel: +44 (0) 1306 502225

Office: Dorking

Email: c.millar@downslaw.co.uk