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Prest: what the Supreme Court decided

Sep 29, 2018, 21:12 PM
The eagerly anticipated decision of Prest v Petrodel Resources Limited and Others [2013] UKSC 34
Slug : Healing-SeptemberFLJ2013-1194
Meta Title : Prest decision
Meta Keywords : Prest, corporate veil, Matrimonial Causes Act
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Date : Aug 22, 2013, 01:43 AM
Article ID : 103327

William Healing, Partner, Kingsley Napley LLP

The eagerly anticipated decision of Prest v Petrodel Resources Limited and Others [2013] UKSC 34, has produced a result not expected by many family lawyers: first that Mrs Prest would win and secondly,  by using the law of resulting trusts, to seek to achieve a fair result for her. This article looks at the judgment with particular emphasis for practitioners on the common law power to pierce the corporate veil and the guidance given on a matter of policy and principle in all divisions, not just for family law.

The full version of this article appears in the September 2013 issue of Family Law.    

 

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