Document Type

Article

Disciplines

International Law

Abstract

Anglo-American corporation law has traditionally been bottomed upon the concept that each corporation, like each human being, is a separate juridical person with its own legal rights and duties; this is entity law. This doctrine arose centuries ago and was well suited to deal with the needs of a simpler economic society. It was a time when corporations generally could not own other corporations, and corporate groups with holding companies or parent corporations were unknown. At that time, each corporation was a separate economic enterprise as well as a separate legal entity. This is no longer the case.

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