Reviewed case brief
Jones v Lipman
[1962] 1 WLR 832
Lipman contracted to sell land to Jones but then transferred the property to a company he controlled to avoid specific performance. Russell J lifted the veil, describing the company as "a device and a sham, a mask which he holds before his face," and granted specific performance against both Lipman
- Court
- Chancery Division
- Year
- 1962
- Subjects
- Company Law
- Reviewed
- 2026-06-30
Rule established
The corporate veil will be lifted to grant specific performance where a person transfers property to a company he controls in order to defeat the purchaser's equitable interest
Facts
Issues
Held
Ratio decidendi
How to use it in an exam
Editorial source
Chancery Division (England)
Educational summary only. Read the reported judgment or an authorised law report before relying on the case professionally.