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Investor Presentaiton

LIFTING THE CORPORATE 'VEIL' • The doctrine in Salomon's case caste a "veil" over the personality of a company through which no one cannot see. • Sometimes the courts will look behind what is called the "veil" or "mask" of incorporation to ascertain whether a company is really different from its major shareholder(s). Similarly, in certain circumstances, a court of law will lift the corporate "veil" and look behind the incorporation to see the true facts. Examples: 1. Where a majority shareholder or "one-man" company attempts to commit a fraud or engage in improper conduct. 2. In times of national emergency.
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