Limited Liability – Limited Protection
News
A number of recent Court decisions are a timely reminder, therefore, that the concept of limited liability was developed as a protection for those who invest capital in a business. The protection such status gives those who are actively engaged in running the business is only partial.The partial nature of this protection is well illustrated by two recent cases in which the Courts have been asked, and have agreed, to award legal costs against the shareholders and directors of limited companies,…