Discuss the circumstances under which the corporate veil of Tulonga (Pty) Ltd may be lifted under Namibian company law. Discuss the conditions that are applied by the courts in Namibia when determining whether the corporate veil should be lifted. Additionally, discuss the potential liabilities that Mr. X May face as a director of ABC Ltd. In the event that the corporate veil is lifted.

 

In light of the above scenario, discuss the circumstances under which the corporate veil of Tulonga (Pty) Ltd may be lifted under Namibian company law. In your answer, discuss the conditions that are applied by the courts in Namibia when determining whether the corporate veil should be lifted. Additionally, discuss the potential liabilities that Mr X may face as a director of ABC Ltd. in the event that the corporate veil is lifted.