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Under which circumstances are the courts of Zimbabwe likely to lift the corporate veil of incorporation?
there are two circumstances under which the zimbabwean courts can lift the corporate veil. the first form is judicial evasion and he other one is statutory evasion.
JUDICIAL EVASION
this takes tree forms which is:
- when there is an abuse of the the seperate corporate personality
- when the principle of separate legal personality runs contrary to the state intrests
- application of the agency of construction
What else can I help you with?
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Federal courts have the ability to overturn state and local practices
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Courts should have thoroughly investigated the evidence, held those responsible accountable, and imposed appropriate penalties to deter future corporate fraud.
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Piercing the corporate veil is when a company is shown to be corrupt, and engaged in injurious activities. This was the case of a Kenyan Pipeline Company explosion and fire that killed 120 people, and injured hundreds of others. The company was found to be grossly negligent in their operations, an a subsequent lawsuit was filed by victims and their families.
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There are several courts to which an appeal may be made, depending on the circumstances. The following site contains a discussion:
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An arbitrator's decision and award can typically be appealed to the courts only in limited circumstances, such as if there was misconduct or bias on the part of the arbitrator, or if the decision violates public policy.
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