Salomon's case is actually the beginning of company law as we understand it today. In Salomon's case, there were two main legal issues raised which hadn't been noticed before: whether an artificially formed entity been regarded as an independent entity like a nature person which can separate from the persons who really formed or/and controlled it, and whether the persons who formed or/and controlled the company can avoid the liabilities when conjunctures of …
showed first 75 words of 2212 total

showed last 75 words of 2212 total
…apply equally to the separate companies of a group. See Walker v Wimborne (1976) 137 CLR 1; Industrial Equity Ltd v Blackburn (1977) 137 CLR 567; and, Pioneer Concrete Services Ltd v Yelnah Pty Ltd (1987) 5 ACLC 467. [11] LCB Gower, Gower's Principles of Modern Company Law (5th ed, Sweet & Maxwell, London, 1992), p 88. [12] Tomasic, Jackson, and Woellner, op cit, p 98. [13] D Bonham and D Soberman, "The Nature of Corporate Personality", in JS Ziegel (ed), Studies in Canadian Company Law (Butterworths, Toronto, 1967), p 5.