Citation(s) [1962] 1 WLR 832 | Court High Court of Justice | |
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Similar Adams v Cape Industries, Woolfson v Strathclyde Regional, DHN Food Distributors Ltd v Tow, Lee v Lee's Air Farming Ltd, Ord v Belhaven Pubs Ltd | ||
Jones v lipman company law
Jones v Lipman [1962] 1 WLR 832 is a UK company law case concerning piercing the corporate veil. It exemplifies the principal case in which the veil will be lifted, that is, when a company is used as a "mere facade" concealing the "true facts", which essentially means it is formed to avoid a pre-existing obligation.
Contents
Facts
Mr Lipman contracted to sell a house at 3 Fairlawn Avenue, Chiswick, Middlesex (now Ealing W4) to Mr Jones for £5,250. He changed his mind and refused to complete. To try and avoid a specific performance order, he conveyed it to a company formed for that purpose alone, which he alone owned and controlled.
Judgment
Russell J ordered specific performance against Mr Lipman and the company.
References
Jones v Lipman Wikipedia(Text) CC BY-SA