This protective principle is known as the “corporate veil.” When Will the Courts Lift the Corporate Veil? The circumstances in which a court may disregard the corporate veil fall broadly into two categories: common law grounds and statutory provisions. Fraud and Dishonest ConductThe clearest and most compelling ground for lifting the corporate veil is fraud. The circumstances in which the corporate veil can be lifted are specific and fact-sensitive, and an experienced Singapore lawyer can help you assess your position clearly.