Shashkova A.V. Emergence of corporation as independent legal entities (analysis of the case of Salomon v. Salomon and Co. Ltd)

Abstract: This article is dedicated to the analysis of the concept of corporation as a separate entity of civil law. The author explores this concept on the example of English precedent on the case of Salomon v. Salomon and Co. Ltd. Analysis is conducted on the stages of this process and conclusions that were obtained by the courts of various levels, as well as changes of both, the resolute and motivated part of court ruling depending on the interpretation applied. The conducted research allows us to claim that it is at the stage of industrial society that the concept of corporation as a separate legal entity with the complex of its rights and obligations has been formed. Among the main conclusions of the conducted research is the fact the corporations also existed in the preindustrial society, but it was at the stage of postindustrial development that the concept of corporation as a separate legal entity has emerged. The author’s contribution into the research of this topic consists in the political and legal analysis of this question. The scientific novelty consists in the fact that there is no prior analysis and assessment of the significance of the English precedent based on the case of Salomon v. Salomon and Co. Ltd.

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