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).

• financial assistance
• Financial Conduct Authority
• financial provision order
• financial relief
• Financial Reporting Council
• Financial Reporting Standards
• financial year
• fine
• firearm
• fire damage
• first offender
• First-tier Tribunal
• fiscal year
• fishery
• fishery limits
• fit for habitation
• fitness for purpose
• fixed asset
• fixed charge
• fixed-date summons
• fixed net sum
• fixed penalty notice
• fixed-sum credit
• fixed term
• fixed trust