The notion of separate legal entity and limited liability first created by the case Salomon v. Salomon & Co Ltd [1897] AC 22 had generated debates on whether an artificially formed entity should be granted the rights analogous to a natural person and, more importantly, permit those who own and control it to be immune from liability. I evaluate and discuss the legal position regarding the above statement with reference to the Corporations Act 2001 and relevant …
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showed last 75 words of 6920 total
…Adrian Wooldridge, The Company: A Short History of a Revolutionary Idea, Modern Library (2003). Lawrence Mitchell, Corporate Irresponsibility, Yale (2001) Ted Nace, Ganges of America: The Rise of Corporate Power and the Disabling of Democracy (Berrett-Koehler, 2003) William Roy, Socializing Capital: The Rise of the Large Industrial Corporation in America, Princeton U. Press, (1997). Christopher Stone, Where the Law Ends: the Social Control of Corporate Behavior, Harper Torchbooks, 1975. "The Spread of Limited Liability Companies" by the Corporate Research Project