Trustees in bankruptcy use the evasion principle to pierce corporate veil of companies operated by bankrupt (High Court) | Practical Law

Trustees in bankruptcy use the evasion principle to pierce corporate veil of companies operated by bankrupt (High Court) | Practical Law

In Wood and another v Baker and others [2015] EWHC 2536 (Ch), the High Court considered an application by joint trustees in bankruptcy for an injunction freezing the business and assets of third parties which were interposed and operated by an undischarged bankrupt to conceal monies properly belonging to him.

Trustees in bankruptcy use the evasion principle to pierce corporate veil of companies operated by bankrupt (High Court)

by Practical Law Restructuring and Insolvency and Practical Law Dispute Resolution
Published on 10 Sep 2015 • England, Wales
In Wood and another v Baker and others [2015] EWHC 2536 (Ch), the High Court considered an application by joint trustees in bankruptcy for an injunction freezing the business and assets of third parties which were interposed and operated by an undischarged bankrupt to conceal monies properly belonging to him.