Red Mine Pty Ltd (Red) is a wholly owned subsidiary of GML. Red has few, if any,
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Red Mine Pty Ltd (Red) is a wholly owned subsidiary of GML. Red has few, if any, assets of its own. In 2010, an employee of Red went on to the land adjoining its mine site and left the gate open. A valuable experimental flock of Dropper sheep escaped from the adjacent land and were lost. Assuming the neighbor has a claim in tort, can he recover from Red? From GML In what circumstances might a court be willing to 'pierce the corporate veil' and make a parent company liable for damages caused by a subsidiary?
Related Book For
Federal Taxation 2016 Comprehensive
ISBN: 9780134104379
29th edition
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
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