In a decision dated April 10, 2019, Vedanta Resources PLC et al. v. Lungowe et al., the UK high court determined, in a decision on which the case did not depend, that a parent company can indeed assume liabilities of a subsidiary if the parent assumes a duty of care for the acts of the subsidiary. This might include, for example, issuing and administering global policies and guidelines. This come up, for example, where the parent of a group that is international is located in the UK. While the decision was effectively dicta, the court has made similar determinations before and the case is considered to represent their view. Moreover, although of course it has no force in the United States, where doctrine of “piercing the corporate veil” and related determinations remain strong, there is a view that the UK determination is at least interesting authority.
Pages
Archives
- November 2024
- April 2024
- December 2023
- November 2023
- March 2023
- January 2023
- November 2022
- September 2022
- June 2022
- April 2022
- March 2022
- February 2022
- November 2021
- October 2021
- September 2021
- July 2021
- May 2021
- December 2020
- October 2020
- September 2020
- April 2020
- March 2020
- February 2020
- January 2020
- December 2019
- September 2019
- July 2019
- June 2019
- May 2019
- April 2019
- February 2019
- December 2018
- November 2018
- October 2018
- August 2018
- July 2018
- May 2018
- February 2018
- December 2017
- October 2017
- September 2017
- August 2017
- July 2017
- June 2017
- May 2017
- April 2017
- March 2017
- February 2017
- January 2017
- December 2016
- November 2016
- October 2016
- September 2016
- June 2016
- May 2016
Categories
- Alternative Energy (2)
- Anti-Money Laundering (6)
- Brexit (1)
- Broker-Dealers (34)
- Commodities (4)
- Coronavirus Relief (5)
- Corporate (32)
- Corporate – U.K. (7)
- Cryptocurrencies (17)
- Currency Trading (4)
- Data Privacy (2)
- Data Protection (6)
- Financial Institutions (18)
- Financial Services – U.K. (5)
- Funds – EU (2)
- Funds – Offshore (3)
- Funds – U.S. (12)
- Intellectual Property (1)
- Investment Advisers (11)
- Investment in the UK (2)
- Investment in United States (6)
- Loans (4)
- M&A (5)
- Not-for-Profit (2)
- Pandemic (2)
- Private Securities Offerings (12)
- Public Securities Offerings/IPOs (3)
- Securities (25)
- Securities Markets (8)
- Tax Havens (1)
- U.S. Constitution (1)
- Uncategorized (21)
- Venture Capital (13)
- Whistleblowing (4)
- Workers (2)