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DISREGARDING SLP WK 5 - Coggle Diagram
DISREGARDING SLP WK 5
2 CASE LAW EXCEPTIONS
RELATED COMPANIES
POWER SUPERMARKETS LTD v CRUMLIN INVESTMENTS LTD [1981]
LAC MINERALS LTD v CHEVRON MINERALS [1995]
1 Acts of both companies factually identical
2 Justice must be served by ignoring the distinction
broad & vague
Courts have discretion
DETERMINE IF RELATED
Level of
OWNERSHIP
DEGREE OF
CONTROL
CROSS MEMBERSHIP
OF PERSONNEL
CONDUCT
OF COMPANIES
ADAMS TEST
COMPANY HAS NO FREEDOM OF ACTION
SUBSIDIARY COMES INTO EXISTENCE TO AVOID EXISTING OBLIGATIONS
3 STATUTE
Incorrect version of company name on cheque or invoice
Reckless trading of OFFICER
FRAUDULENT TRADING of ANY PERSON
LOAN PUTS CO INTO INSOLVENCY
1 AGREEMENT
Cannot contradict legislative provisions in place
CONTRACT LAW