From
The Economist 26 May 2012:
"The limited-liability company is the building-block of capitalism, mobilising resources for investment. But its central tenet, that investors are not generally responsible for the liabilities of the firms they invest in, faces growing challenge. A decision
by the Court of Appeal stretches almost to breaking point the 'corporate veil' that has protected parent companies from the sins of their subsidiaries ..."
commenting on Chandler v Cape Plc [2012] EWCA Civ 525 (25 April 2012).
http://www.economist.com/node/21555967
http://www.bailii.org/ew/cases/EWCA/Civ/2012/525.html
Steve Hedley
University College Cork