The concept of the company as a separate legal person, a metaphor of limited use like all legal fictions, can only be justified by and assessed to the extent that it serves the law’s social and economic aims. The pervasive influence of the concept, the effect of its contextual application, and the way in which it represents the 'reality’ through which the common law accesses the complex nature of the corporation, all point to the need for its re-examination.
"Separate Legal Personality: Legal Reality and Metaphor,"
Bond Law Review:
2, Article 6.
Available at: http://epublications.bond.edu.au/blr/vol5/iss2/6