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Website that helps:http://www.austlii.eduRoskill LJ observed in The Albazero [1977] AC 774:
each company in a group of companies is a separate legal entity possessed of separate legal rights and liabilities so that the rights of one company in a group cannot be exercised by another company in that group It is perhaps permissible under modern commercial conditions to regret the existence of those principles. But it is impossible to deny, ignore or disobey them.
Do you agree with this judicial statement? Critically analyse the judicial statement above. End of Question Hint: Your answer must also include discussion on the current legal treatment of corporate groups with reference to the common law in Australia and the Corporations Act 2001 (Cth). You are not expected to discuss the facts or issues in the case above. .au/au/journals/MonashULawRw/2014/20.pdf
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