Please note that whilst the article is dated and the proposals to the reform of legislation are not relevant, some good criticisms of the salomon decision are offered. Some reflections on company law reform, the modern law. Senior lecturer in corporate and taxation law, university of adelaide. Companies, international trade and human rights by janet dine. How far have the principles articulated by the house of. In general terms, a company, because it is a corporation, is a person in law separate from any and all of the individuals involved in the company whether those individuals are its ownersshareholders, its managersdirectors or. Comparative law has been a cornerstone of legal studies at the lse at least since professor otto kahnfreund joined the law department in the 1930s. He talks of the problem of the impact on the society by a failing economy and corporations and uses two main approaches whilst at.
Companies act 1929, that the british empire gave priority to commercial. Bibliography companies, international trade and human rights. Notably, this principle is enshrined in section 124 of the corporations act. Kahnfreund, some reflections on company law reform 1944 7 mlr 54. Company law, other domestic law such as employment law. Otto kahnfreund had a substantial and extensive influence on a generation of british labour lawyers, many of whom themselves passed on his. Bibliography for company law tutorial 2 readinglists. He was a professor at the london school of economics and the university of oxford. Some reflections on company law reform by kahnfreund, otto sir, sweet and maxwell edition, in english. Kahnfreund, the uses and misuses of comparative law, 37 mod. Co ltd1897 ac 22 in the light of selected english company law cases. Corporate groups, creditor protection and cross guarantees. In his approach to scholarship, and in terms of the substance of his position on the theory of labour law, there can be little doubt that lord wedderburn 19272012 was strongly influenced by the work of otto kahnfreund 19001975.
But under judicial interpretation, in instances where the sledgehammer has not been provided by 1. Required reading john kay 1997 the stakeholder corporation. Llm company law cw3 i need help with my school assignment. Dec 15, 2009 some reflections on company law reform by kahn freund, otto sir, sweet and maxwell edition, in english. In his recent pathbreakingexamination of australian history paul carter had cause to. Kahn freund in some reflections on company law reform. Some reflections on company law reform by kahnfreund, otto sir, 1944, stevens edition, in english. Neiman 79 for example employs the state of nature construct with modifications from law 110 at brickfields asia college. Kahnfreund, some reflections on company law reform free download as pdf file.
The evolution of the separate legal personality doctrine and its exceptions. The lecture itself was delivered on 15 november 1989. Of all the branches of law, company law is perhaps the one least readily understood except in relation. Dec 15, 2009 some reflections on company law reform by kahn freund, otto sir, 1944, stevens edition, in english. Kahnfreund, some reflections on company law reform. Todays lse law department is truly international, with fulltime members of academic staff from every continent, with diverse academic and. American medical association ama american psychological association.
Sir otto kahnfreund qc 17 november 1900 16 august 1979 was a scholar of labour law and comparative law. This is particularly so in the united kingdom, where the courts have assumed the role of providing a customized corporate law regime for such entities. Liabilities for parent companies and shareholders law teacher. In general terms, a company, because it is a corporation, is a person in law separate from any and all of the individuals involved in the company whether those individuals are its ownersshareholders, its managersdirectors or are involved in some other way. It can either approach the problem from the angle of the shareholder. Some reflections on company law reform semantic scholar. General problems of private international law kahn freund, o on. Neiman 79 for example employs the state of nature construct.
Pdf reflections on the intersection between labour law and. This study aims to analyse some key modern examples of the courts doing this, and to assess what they tell us about the ongoing centrality, or otherwise, of the salomon principle. Kahnfreund, some reflections on company law reform 19447 mlr 54. The social scientist who finds himself on the bench can. American medical association ama american sociological association. Some reflections on company law reform discussion of the problems connected with the reform of com pany law can take as its starting point one of the three social and economic needs to which a system of company law should respond. Use the link below to share a fulltext version of this article with your friends and colleagues. To set a reading intention, click through to any list item, and look for the panel on the left hand side.
Kahnfreund in some reflections on company law reform. The donovan reports significance in british labour law is that it formed the intellectual underpinnings of both the industrial relations act 1971 and the trade union and labour relations act 1974. Kahnfreunds labour and the law, by otto kahnfreund et al. The right to legal representation at disciplinary hearings and before the commission for. Close companies are the majority constituency in the corporate population across the globe.
The salomon principle and the corporate veil law explorer. Kahnfreunds labour and the law, by otto kahnfreund et. General problems of private international law kahnfreund, o on. In others word, the corporation is an entity just like human being created using legal and official purpose. Some reflections on company law reform 1944 7 mlr 54. Pdf reflections on the intersection between labour law. Good faith performance in canadian contract law, 741 cambridge law journal 4 2015. However, the principle in salomons case has not been without its detractors. The metaphysical separation between a man in his individual capacity and his capacity as a oneman company can be used to defraud his creditors who are exposed to grave injury owing to the timidity of the courts and of the companies act. Some reflections on company law reform wiley online library. Some reflections on the transplantation of british company law in postottoman palestine.
H leigh ffrench, guide to corporations act 4th ed, butterworths, sydney, 1994, p 19. From a legal perspective, they are furthermore difficult adequately to characterise within existing frameworks of company and employment law, not least due to the structure of their investments. Company law lecture forty years on 1990 111 co law 10. Yet little attempt has been made by corporate law systems explicitly to legislate for them. Whincup, inequitable incorporation 1981 2 co lawyer 158. O kahnfreund, some reflections on company law reform 1944 7 mlr 54. Some reflections on the transplantation of british company law in.
Under the concept of separate legal entity, a company will becomes a body corporate that exists separately with its owner and distinct from its individual members and directors. The company is at law a different person altogether from the subscribers to the memorandum shareholders and though it may be that after incorporation the business is precisely the same as it was before, and the same persons are managers and the same hands receive the profits, the company is not in law the agent of the subscribers or a trustee. Metaphor and metaphysics in company law robert walker. This research was carried to investigate the difference between separate legal entity and limited liability. Pdf on jan 1, 2007, victoria lambropoulos and others published reflections on the intersection between labour law and corporate law find, read and cite all the research you need on researchgate. Kahnfreunds belief in the peripheral role of law was not, however, confined to his analysis of the british case. Otto kahnfreund in some reflections on company law reform in 1944 mlr 54, was critical of the principle in the case. An historical perspective phillip lipton salomons case has for a long time been widely seen as a landmark case that is the keystone of modern company law. Required reading john kay 1997 the stakeholder corporation bligh v brent 1837 from math 515 at wesleyan university. The doctrine of separate legal entity is a doctrine which has gained increasing importance in the analysis of company law. Otto kahnfreund, some reflections on company law reform.
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