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Woody incorporated a company with himself and his father-in-law as shareholders. When his father-in-law passed away, Woody became the sole shareholder. The document discusses whether there is a separate legal personality between Woody and the company, and if so, whether the corporate veil can be pierced to make Woody personally liable for company debts. It finds that incorporation creates a separate legal person under cases like Salomon v Salomon. However, Woody may be personally liable for debts incurred m

Author

AhWei

Language

EN