Investor Presentaiton

SEPARATE LEGAL ENTITY/ PERSONALITY • Salomon's case established many legal principals as to companies and recognized inter alia the principal of separate legal personality. Application of the Salomon principle in modern times: (i) Lee vs. Lee's Air Farming Ltd. [1961] AC 12; (ii) Trade Exchange (Ceylon) Ltd. vs. Asian Hotels Corporation (1981) 1 SLR 67. Corporate "veil" & lifting the corporate "veil".

View entire presentation