Group Company Liability

@article{Petrin2018GroupCL,
  title={Group Company Liability},
  author={Martin Petrin and Barnali Roy Choudhury},
  journal={European Business Organization Law Review},
  year={2018},
  volume={19},
  pages={771-796}
}
According to a universal bedrock principle of corporate law, corporations have separate legal personality and limited liability. These principles apply equally to corporate groups. Accordingly, a parent company is normally not liable for legal infractions and unpaid debts of its subsidiaries. In relation to torts and other misconduct committed by corporations, however, the bedrock principles of corporate law are increasingly subject to criticism, in particular where such claims cannot be… 
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