Document Type
Article
Disciplines
International Law
Abstract
This article addresses some aspects of the control of corporate groups in the United Kingdom. The first part examines the phenomenon of groups and, in particular, the factors that have contributed to the widespread use of the group structure. The next section deals with the legal mechanisms whereby groups are formed. The following sections deal with the hegemony of the decision of the House of Lords in Salomon v. Salomon & Co. Ltd.,' which formulated the separate entity principle. Although the courts have been willing to pierce the corporate veil and recognise the phenomenon of groups, this is seldom done. There has been no judicial recognition of any doctrine which would recognise corporate groups as constituting a single economic entity. It may be that statutory developments in insolvency law will have the effect of treating the group as a single economic entity.
Recommended Citation
Prentice, Daniel D., "Some Aspects of the Law Relating to Corporate Groups in the United Kingdom" (1999). Connecticut Journal of International Law. 307.
https://digitalcommons.lib.uconn.edu/cjil/307
Accessibility Requirements
1