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Investor Presentaiton

APPLICATION OF THE SALOMON PRINCIPLE IN MODERN TIMES • Lee v Lee's Air Farming Ltd [1961] AC 12 – Lee was the MD of a small company that operated air planes. He owned all the shares in the company except for one share. He also piloted the company's planes. While piloting a plane he died and his widow claimed workmen's compensation insurance. The insurance company argued that since the company was owned basically by Lee, he could not also be a "worker" in the same company and denied liability. Court held, however, that the company and Lee were separate and the widow's claim for insurance compensation was upheld.

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