Persad v Singh

Company – Corporate personality. The facts of the present case did not justify piercing the corporate veil of a limited company. So held the Board of the Privy Council (the Board), in allowing an appeal by the appellant director and shareholder of the company against a decision in which the Court of Appeal in Trinidad and Tobago had upheld the decision, at first instance, that the appellant was liable, under a lease of premises to the company, for the company's failure to pay rent and for its breaches of covenant. The Board re-emphasised that piercing the veil was only justified in very rare circumstances and held, among other things, that the appellant had had not given any sort of assurance that he would personally take the lease, and, further, that the fact that the company was a 'one man company' was irrelevant.

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