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'Asset Partitioning without Legal Personality': 3CL Lecture
Manage episode 455277365 series 3623931
תוכן מסופק על ידי Faculty of Law, University of Cambridge, Faculty of Law, and University of Cambridge. כל תוכן הפודקאסטים כולל פרקים, גרפיקה ותיאורי פודקאסטים מועלים ומסופקים ישירות על ידי Faculty of Law, University of Cambridge, Faculty of Law, and University of Cambridge או שותף פלטפורמת הפודקאסט שלהם. אם אתה מאמין שמישהו משתמש ביצירה שלך המוגנת בזכויות יוצרים ללא רשותך, אתה יכול לעקוב אחר התהליך המתואר כאן https://he.player.fm/legal.
Speaker: Professor Chris Thomale (University of Vienna, University Roma Tre)
Abstract: According to a widely received concept coined by Hansmann/Kraakman, “asset partitioning” denotes a bundle of doctrines surrounding the relationship of business owners as well as their business and private creditors, so-called entity shielding and owner shielding. Often, this configuration is associated with a legal entity, e.g., providing the “corporate veil” which allegedly protects owners’ assets from business creditors. Contrary to this intuition, it will be shown that legal personality, while offering a metaphorical framework for asset partitioning, is no institutionally indispensable prerequisite for it. To support this claim, we will look at historical and contemporary comparative evidence from continental-European as well as Middle- and South-American legal orders. This allows us to compare asset partitioning with and without legal personality and evaluate the policy implications of each.
3CL runs the 3CL Travers Smith Lunchtime Seminar Series, featuring leading academics from the Faculty, and high-profile practitioners.
For more information see the Centre for Corporate and Commercial Law website at http://www.3cl.law.cam.ac.uk/
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