Business Law and Corporate Law

One of the most basic tenets of corporate law is the doctrine of separate legal personality. It acknowledges that a company is a legal person that is separate and independent of shareholders and directors. Although this principle promotes investment and prevents excessive liability, it may be also abused to avoid personal responsibility. In response to this abuse, the courts came up with the concept of piercing the corporate veil, which permits the court to lift the veil of incorporation to examine the fraudulent and criminal actions of the company in which the veil is incorporated.

DSK Legal's May 2026 newsletter delivers comprehensive updates across multiple practice areas including capital markets, competition law, dispute resolution, employment law, infrastructure, international trade, media and entertainment, corporate affairs, banking regulations, insolvency, sports and gaming, and white collar crime. The newsletter provides expert analysis and regulatory insights to help legal professionals and businesses navigate the evolving legal landscape across diverse sectors.

When Parliament reduces the punishment for an offence, a question that immediately arises is whether those already facing prosecution for that offence receive the benefit of the reduction in punishment/penal consequences.