Question

To preserve commercial certainty, the Courts have been very reluctant to “raise the corporate veil” to impose liability on individual shareholders or directors.

Explain what is meant by the metaphor of “raising the corporate veil” with close reference to at least two cases(Prest v Petrodel Resources Ltd [2013] UKSC 34, [2013] 4 AII ER 673 and Gildford Motor Co Ltd v Horne [1933] 1 Ch 935 (CA)) in which the court has been required to consider this issue.