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Hong Kong
Leading Case
veil piercingfacade evasionand corporate personality
Luo Xing Juan Angela v Estate of Hui Shui See Willy
(2009) 12 HKCFAR 1
Key Principle
The separate legal personality of a company will not be disregarded merely to give effect to an informal family arrangement; the corporate veil between an individual controller and his company stands unless a recognised piercing ground exists, though equity (here promissory estoppel) may yield relief.
Area of Law
Company, Insolvency & Banking
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