Salomon v A Salomon & Co Ltd
UK landmark company law case / From Wikipedia, the free encyclopedia
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Salomon v A Salomon & Co Ltd [1896] UKHL 1, [1897] AC 22 is a landmark UK company law case. The effect of the House of Lords' unanimous ruling was to uphold firmly the doctrine of corporate personality, as set out in the Companies Act 1862, so that creditors of an insolvent company could not sue the company's shareholders for payment of outstanding debts.
Quick Facts Salomon v A Salomon & Co Ltd, Court ...
Salomon v A Salomon & Co Ltd | |
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Court | House of Lords |
Decided | 16 November 1897 |
Citation(s) | [1896] UKHL 1 [1897] AC 22 |
Case history | |
Prior action(s) | Broderip v Salomon [1895] 2 Ch. 323 |
Case opinions | |
Lord Macnaghten, Lord Halsbury and Lord Herschell | |
Keywords | |
Corporation, separate legal personality, agency |
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