Law Rankings 2025
In many jurisdictions, directors can still be liable to their shareholders if they cause the corporate to engage in businesses outside its objects, even when the transactions are nonetheless valid as between the corporate and the third celebration. And many jurisdictions additionally still allow transactions to be challenged for lack of “company benefit”, the place the relevant transaction has no prospect of being for the commercial good thing about the company or its shareholders. One of the necessary thing authorized features of corporations are their separate authorized persona, also referred to as “personhood” or being “synthetic persons”. …



