Question

In his decision inMeridian Global Funds Management Asia Ltd v Securities Commission, Lord Hoffmann said "there is no such thing as the company". Your friend, Eva Styx overhears you discussing this case, and says "That's brilliant! I can set up a company and commit any crime, and neither the company nor I can be prosecuted."

Required: Explain whether Eva's interpretation of Lord Hoffmann's decision in Meridian Global is correct. [20 MARKS]

New Zealand law case and use ILAC (Issue, Law, Application, Conclusion) to answer the question.