ASIFIWE P
The court found that the applicant's evidence of concealment or transfer of company property by directors was uncontested, and that both 1st and 2nd respondents are directors of the 3rd respondent. In light of untraceable assets and admitted directorship, the court held it justifiable to lift the corporate veil and hold the directors personally liable for satisfaction of the labour award.
Source excerpt
- Lifting corporate veil
- Director liability
- Unfair termination
- Execution of awards