Enterprise Liability for Corporate Groups — A More Efficient Outcome for Creditors: Part I
Keeping Good Companies, Vol. 63, No. 6, pp. 350-353, 2011
3 Pages Posted: 29 Apr 2013
Date Written: July 1, 2011
In May 2000, Companies and Securities Advisory Committee (CASAC) in its Corporate Groups Final Report 2000, recommended as a further safeguard to creditors, the introduction of an enterprise approach to regulating corporate groups. This recommendation, like the majority of the report’s recommendations, was not adopted.
Rather, current Australian corporate law relies upon conventional ex ante and ex post protections for creditors transacting with corporate group members.
Keywords: Corporate governance, Business enterprises, Analysis, Corporation law, Laws, regulations and rules, Enterprise liability, Limited liability
JEL Classification: G33, G34, K22, K23
Suggested Citation: Suggested Citation