The legal position regarding the notion of separate legal entity and limited liability.

Salomon's case is actually the beginning of company law as we understand it today. In Salomon's case, there were two main legal issues raised which hadn't been noticed before: whether an artificially formed entity been regarded as an independent entity like a nature person which can separate from the persons who really formed or/and controlled it, and whether the persons who formed or/and controlled the company can avoid the liabilities when conjunctures of …showed first 75 words of 2212 total…

…showed last 75 words of 2212 total…apply equally to the separate companies of a group. See Walker v Wimborne (1976) 137 CLR 1; Industrial Equity Ltd v Blackburn (1977) 137 CLR 567; and, Pioneer Concrete Services Ltd v Yelnah Pty Ltd (1987) 5 ACLC 467. [11] LCB Gower, Gower's Principles of Modern Company Law (5th ed, Sweet & Maxwell, London, 1992), p 88. [12] Tomasic, Jackson, and Woellner, op cit, p 98. [13] D Bonham and D Soberman, "The Nature of Corporate Personality", in JS Ziegel (ed), Studies in Canadian Company Law (Butterworths, Toronto, 1967), p 5.