The concept of piercing the corporate veil is troublesome and should be abolished, especially in corporate groups

“The concept of piercing the corporate veil is troublesome and should be abolished, especially in corporate groups”. Critically discuss this statement with respect to relevant case law and statutory provisions.
you are expected to reference both primary (eg. case law or statute) and secondary (eg. legal articles, academic books) materials in addition to the set text for the course. Internet sites consulted must be relevant to the topic and should be from academic and Australian legal websites. DO NOT copy material from websites without proper acknowledgement of the source. Your essay must conform to normal academic essay requirements and include a clear introduction and overall argument.
Essay (Not longer than 2000 words, including substantive material in footnotes)
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