The state of the separate legal personality of companies under English Common Law
The concept of the company's separate legal personality obtained through the 'veil of incorporation' and the limited liability it entails are at the core of company law, enabling much of the dealings within it (e.g. through its protection for investors) (Matthews, 2013). However, piercing this veil has been subject to much controversy over its history, with many academics arguing for the need of clarification on both of its principles (Hannigan, 2013).