lifting the veil
The act of disregarding the veil of incorporation that separates the personality of a corporation from the personalities of its members and directors. This exceptional course is occasionally sanctioned by statute, for example in relation to wrongful trading or fraudulent trading, where it may result in members or directors of a limited company incurring liability. It is also employed by the courts where incorporation has been used to perpetrate fraud but never to defeat limited liability (Adams v Cape Industries plc [1990] Ch 433; Woolfson v Strathclyde Regional Council [1978] AC 159 (HL); VTB Capital plc v Nutritek International Corporation [2013] UKSC 5, [2013] 2 AC 337; Petrodel Resources Ltd v Prest [2013] UKSC 34, [2013] All ER (D) 90).

• proprietor
• proprietorship register
• prorogation
• proscribed organization
• prosecution
• prosecutor
• prospectus
• prostitution
• protected characteristics
• protected child
• protected goods
• protected occupancy
• protected person
• protected shorthold tenancy
• protected site
• protected state
• protected tenancy
• protection and indemnity association
• protective award
• protective trust
• protector
• protest
• protocol
• provable debt
• proving a will