The Federal Court has granted leave to appeal on a significant question of law concerning the doctrine of lifting the corporate veil.
The High Court allowed our clients’ claim, however on appeal, the Court of Appeal reversed the finding, holding that the corporate veil cannot be lifted to impose liability on a separate corporate entity.
The Federal Court will now consider this pivotal question:
can the corporate veil be lifted to impose liability not only on individuals, but also on companies?
The outcome of this appeal is poised to have far-reaching implications for purchasers and developers nationwide.
Read more here: Federal Court allows Capital City owners to appeal in RM5.4mil suit | FMT
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