Why was Salomon v Salomon an important decision in corporate law?

Why was Salomon v Salomon an important decision in corporate law? The Salomon principle provides that a company is essentially regarded as a legal person separate from its directors, shareholders, employees and agents. This means as a separate legal entity, a company can be sued in its own name and own assets separately from its … Continue reading Why was Salomon v Salomon an important decision in corporate law?