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Creado por katy_mcbride12
hace más de 11 años
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Corporate Veil
Question of corporate veil for insurable interest
Corporate veil - employee/employer
Corporate veil - peculiar questions eg personality of shareholders
Corporate veil - personality of shareholders (who was the maker)
Corporate veil - avoidance of existing obligations
Corporate veil - single economic unit
Corporate veil - single economic unit
Corporate veil - not allowed facade?
Corporate veil - asbestos
Corporate veil - asbestos liable
shareholder's agreement is unenforceable of stops company from using its rights
only enforce the corporate constitution as far as it affects your right as a member
duty to act in good faith - act for members
at time, valid decision taken so directors in good faith
Takeovers highly regulated
standard of care before 1990s
standard of care since 1990
common law prohibited self dealing
fiduciary duties conflict. could the company have taken the business opportunity
Need the director's contribution but still liable?
derivative suits - fraud on minority
court can indemnify those who bring a derivative suits if an independent board would have brought an action
wind up company if just and equitable
legitimate expectation