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salomon v salomon case summary

Asked Jul 9, 2012, 10:53 AM — 1 Answer
The decision of the House of Lords in Salomon v Salomon does not give due regard to the interests of creditors. Shareholders should be liable for the debts of companies where those debts are to creditors who are too weak to negotiate with the company or are injured by the company.

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Jul 9, 2012, 11:22 AM
Oh?

This case, by the way, is the subject of numerous questions on this forum over the years. Our stock answer is that we don't do homework. Congratulations on making a comment on the case, instead of simply asking for Cliff-notes.
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