Thus, the precept of separate legal personality is admitted also for group companies or, as outlined by Moore, for “multinational inter-corporate group enterprise”. this principle delineates the legal relationship between a company and its members. According to this principle, the components of such relation are totally two diverse legal entities, or legal persons. As Lord Macnaghten said in Salomon case, “the company is at regulation a special particular person altogether from the subscribers to the memorandum”. In this context, the purpose of this essay is to debate and consider to what extent the separate authorized persona has affected the company legislation and with what penalties. In other phrases, whether or not or not this principle evokes “more questions than it does answers”.
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