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  1. www.lawteacher.net › cases › salomon-v-salomonSalomon v Salomon - Case Summary - LawTeacher.net

    Salomon v A Salomon and Co Ltd [1897] AC 22. Summary: The requirements of correctly constituting a limited company. Commonly known as: Salomon v Salomon. Table of Contents. Introduction; Facts; Issue; Ruling; Implications; Exception of Veil Piercing; Conclusion; Introduction. Separate Legal Personality (SLP) is the basic tenet on which company ...

  2. en.wikipedia.org › wiki › Salomon_v_A_Salomon_&_Co_LtdSalomon v A Salomon & Co Ltd - Wikipedia

    Salomon v A Salomon & Co Ltd [1896] UKHL 1, [1897] AC 22 is a landmark UK company law case. The effect of the House of Lords' unanimous ruling was to uphold firmly the doctrine of corporate personality, as set out in the Companies Act 1862, so that creditors of an insolvent company could not sue the company's shareholders for payment of ...

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  4. lawlex.org › lex-bulletin › case-summary-salomon-vCase Summary: Salomon v. Salomon & Co. Ltd. - LawLex.Org

    Jun 14, 2020 · Aron Salomon had for many years carried on a prosperous business as a leather merchant. In 1892, he decided to convert it into a limited company and for that purpose Salomon & Co. Ltd. was formed with Salomon, his wife, his daughter and his four sons as members, and Salomon as Managing Director. The company purchased the business of Salomon for ...

  5. www.wikiwand.com › en › articlesSalomon v A Salomon & Co Ltd - Wikiwand

    Salomon v A Salomon & Co Ltd [1896] UKHL 1, [1897] AC 22 is a landmark UK company law case. The effect of the House of Lords' unanimous ruling was to uphold firmly the doctrine of corporate personality, as set out in the Companies Act 1862, so that creditors of an insolvent company could not sue the company's shareholders for payment of outstanding debts.

  6. legalupanishad.com › salomon-vs-salomon-co-ltdSalomon Vs. Salomon & Co. Ltd. (1896): Case Analysis

    FACTS OF THE CASE. Salomon had a successful business as a boot and shoe manufacturer for several years. His business remained financially sound, with assets exceeding liabilities. In 1892, Salomon decided to convert his business into a limited company. He incorporated a company called Salomon & Co. Ltd. solely for the purpose of taking over his ...

  7. bscholarly.com › salomon-v-salomonSalomon v Salomon & co Ltd: Fact Summary, Issues & Judgment

    Mar 28, 2022 · Judgment of the court in Salomon V Salomon. At the High Court, it was held that Salomon was to be liable for the company’s debt. The High Court in its decision likened the position of Mr. Salomon to his company to that of an agent (that A Salomon & Co Ltd was an agent of the Principal, Salomon). When therefore the company incurs debt, an ...

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  9. www.drishtijudiciary.com › landmark-judgementSalomon v. Salomon & Company Ltd (1895-95) All ER Rep 33

    Nov 30, 2023 · In 1892, Mr. Salomon decided to convert his business into a private limited company, Salomon & Co. Ltd., under the Companies Act, 1862. The company had a nominal share capital of £40,000, divided into 20,000 shares of £1 each. Mr. Salomon subscribed for 20,001 shares - 20,000 for himself and one for each of his family members, including his ...