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What is Legal Personality and Corporate Veil about?

This document discusses the nature of legal personality for companies in Papua New Guinea. It covers: 1) Companies acquire legal personality and become a separate legal entity upon registration and issuance of a certificate of incorporation by the Registrar. 2) Legal personality allows companies to shield shareholders from personal liability for company debts, own property, enter contracts, sue and be sued as a separate entity from owners and managers. 3) Some consequences of a company

Author

Ismael Samson

Language

EN