--- Kenneth Campbell <[EMAIL PROTECTED]> wrote:

> Andy Nachos writes:
>
> >I am not sure just what you are looking for.
>
> Specifically, as I wrote, this:
>
>     What I have found missing in this analysis of
> agency
>     is the real membrane between the controlling
>     shareholder and the sham corporation.

This is a highly fact intensive inquiry -- was there
some sort of fraud or injustice, what were the
relationships between the two entities or the
stockholder and the corporation, etc.

>
> [BTW -- thank you for the other points.]
>
> My main interest, in asking, is where the line is
> drawn between the
> protection and the liability.

There is no rule that you can state generally.

>
> This is not just a "public issue," also a creditor
> issue.

Oh course.

>
> From the bit I have seen and studied, the CPD is a
> cloak used "on and
> off again." When is that switch between on and off
> allowed? I called it
> a membrane. I think that is a fair term, since it
> seems to be thin and
> weak but powerful for the body.

I have done a fair amount of veil-piercing and
single-employer work, and I have never encountered or
used this doctrine in this context.

>
> Rather than discuss the national differences between
> Canada and the US,
> I was hoping to hear (from you, certainly) a
> discussion of the legal
> theories of flipping that switch. Which classes are
> protected in which
> manner?

I don't think that is the right analysis -- it is not
that there are protected classes as far as I know. I
think it's just a fact intensive inquiry.


> When can you say Conrad Black was really not the
> guts of the corp and
> just a shielded shareholder as opposed to being the
> mastermind?

Depends on the facts.

__________________________________________________
Do You Yahoo!?
Tired of spam?  Yahoo! Mail has the best spam protection around
http://mail.yahoo.com

Reply via email to