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Salomon v Salomon & Co Ltd [1897] AC 22: This is another landmark UK case that established the principle of corporate personality, meaning that a
Salomon v Salomon & Co Ltd [1897] AC 22: This is another landmark UK case that established the principle of corporate personality, meaning that a company is a separate legal entity from its shareholders. You are a summer intern for EXQ, a large consulting firm. Granda Corp ('Granda'), a company incorporated in Zubrowka, is a major client of EXQ. Granda wishes to set up a subsidiary company - Granda NZ Ltd (''GNZL') - in New Zealand. Required: You have a meeting with Jana Blanka, a representative of Granda. Jana tells you that Zubrowka is a country that likes to use the latest technology and has very little government regulation of companies. Jana raises four issues (set out in paragraphs (a) to (d) below.) Write a memo for EXQ responding to the issues Jana raises: (a) "All directors will reside in Zubrowka and will pursue the interests of Granda in managing ONZL. We also expect Granda to be a corporate director." how does salmon link to this a
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