Business Law 2

Understanding Corporate Legal Identity

This episode takes a closer look at the principles of separate legal personality, starting with the landmark case of Salomon v Salomon & Co Ltd. We analyze practical applications through cases like Macaura v Northern Insurance and Lee v Lee’s Farming Ltd., and discuss circumstances under which the corporate veil may be pierced, as seen in Gilford Motor Co v Horne. Explore the balance between safeguarding corporate structures and ensuring accountability in modern business.