04
Feb 2025
Piercing the Corporate Veil: Relevant Liability and the Building Safety Act 2022
RE: 381 Southwark Park Road RTM Co Ltd v Click St Andrews Ltd (In Liquidation) Developers often create ‘special purpose vehicles’ (‘SPVs’) in order to carry out developments. These SPVs are then wound up following the completion of the project. The creation of these SPVs grants its parent companies the ability to avoid liability for any defective works that may have occurred throughout the development of the…