Topic 3 - cases

Description

cases topic 3
adriana calles
Flashcards by adriana calles, updated more than 1 year ago
adriana calles
Created by adriana calles over 5 years ago
2
0

Resource summary

Question Answer
Gramophone and Typewritter corporate veil won't be pierced even if parent company owns all shares in the subsidiary. Companies can be members of others
Lee a person can control a company and be member of it
Macaura (timber was sold to a company in exchange for shares, later was burned) he hadn't an insurable interest cause company owns its own property
Adams v Cape discusses the single economic unit: no general principle that all companies in a group of companies are to be regarded as 1. + subsidiaries cannot be used as a façade + the veil lifted if the corporate structure attempt to avoid 1) limitations on conduct by law 2) TP rights of relief 3) future TP rights of relief
Persad v Singh piercing the veil even where the owner of the company is trying to avoid personal liability is not accepted
Dimbleby piercing the veil by a statutory provision needs to be in clear and unequivocal language
SSK to pressume agency, control isn't enough. Needed an express agency agreement, or unsual circumstances raising clear presumption
Carlton & Granada an indication by controlling members but never formalized is never a guarantee
Malaysia Mining a comfort letter is not a guarantee
Petrodel The veil can be pierced cause companies were holding properties on trust (divorci on el marit amaga béns en empreses)
Belvedere a member or director of a company cannot be held jointly or vicariously liable for torts that are attributable to the company. So, a parent is therefore not jointly liable for the torts of a subsidiary
Chandler v Cape Parallel duties of care between a parent and subsidiary and subsidiary company and its employees. Cause 1) similar business 2) parent knew it was unsafe 3) use of superior knowledge 4) subsidiary know they can rely on the parent
Gilford Motor restrictive covenant, he creates a company to do the task. Company was a mere cloak or sham, the veil was pierced
Lipman He agrees to share a house but then there are remorses so the house is transferred to a company. Pierce the veil is okey, the company was a mask
Creasey Veil pierced cause justice and public interest. Overruled by Ord
Ord pierce the veil cause transfer of assets was improper, no increases financial difficulties crec q lhe fet mal
DHN foods compensation allowed after a purchase of premises cause it was a single economic unit. Overruled by Adams
Adams no economic unit reality what is happening is a resulting implied trust.
Gencor (concealment principle) taking assets from a public company to a private one is illegal, no need to pierce the veil
Lubbe v Cape (asbestos case) arguable case cause there's control on operation, directors knew
Chandler less control, look at superior knowledge of the risks, ensure working conditions. Duty of care found under Caparo. It's necessary to assume responsability but no need of absolute control. Consider 1) = business 2) superior knowledge 3) know unsafe condition 4) reliance 5) no habit of intervining
Thompson parent appoints a director on Health & Safety for the subsidiary. Parent didn't assume responsability: different business and no superior knowledge
Lungowe parent owes direct duty if takes direct responsibility for devising policy + controls the operations
Okpabi (pollution case) controlling operations are more likely to rise duty than issuing policies. Parent wasn't better placed
AAA v Unilever no arguable claim damage wasn't foreseeable so a duty of care isn't fair. (elections, violence)
Show full summary Hide full summary

Similar

Flashcards Roger
Roger Rodriguez 2051
Deliberry, a new company with social concerns
imlearningenglis
Web Marketing Company
Enrique Gaviria
Analysis of Environments and DOFA
sebastian navarro
Introducción to supply chain Management
Akane Bellchsmid
ANÁLISIS DE COCA-COLA
Heidy Juliana Sanchez Martinez
Ringo Software redefinition
bermudillo.2007
Semester 2. Topic 1
adriana calles
Pillars To Formulate The Strategy And Planning
Ari Vanss
cliente
Eulogio Claros