In the Adams v Cape case the court did not find that Cape's subsidiaries in...
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Accounting
In the Adams v Cape case the court did not find that Cape's subsidiaries in the USA were mere facades but said the subsidiaries were fulfilling tax policies. Group of answer choices
True
False
In Petrodel Resources Ltd v Prest [2013], Lord Sumption stated that there is only one instance in which the courts can pierce the veil. What is this one instance? Group of answer choices
Where a person is under an existing legal obligation which he deliberately evades or whose enforcement he frustrates by interposing a company under his control.
Where a parent owes the employees of its subsidiary a duty of care.
Where a group of companies are to be regarded as a 'single economic unit.'
Where a subsidiary is acting as an agent for the parent.
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