[Posted by Umakanth Varottil]
Over at Critical Twenties, Arghya Sengupta has initiated a debate “on the twin issues of the legal responsibility of a successor multi-national company for the liabilities of its predecessor as well as … thoughts on the appropriateness of the Olympics partnering with such a corporation would be most appreciated.”
I have sought to step into the debate by addressing questions of legal liability where corporate law plays a crucial role in determining where the liability stands fixed. Two principles come into play. The first is whether a parent company is liable for acts or omissions of a subsidiary company, and the second is what happens to the liability of company when it (or its business) is sold. In order to read the full post, please click here.
Leave a Reply