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Corporate insulation and piercing the veil

honig-stephen

“Virtue has a veil, vice a mask.” — Victor Hugo Corporations insulate shareholders from liability for entity debts and obligations. That is the historical reason for the corporate form. Insulation is a vital element of a robust commercial system, permitting ...

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Fiduciary confusion: states, entities and illogic

honig-stephen

This column examines the confusion in understanding fiduciary obligations of owners and managers of certain types of entities in different states, specifically Massachusetts and Delaware. Recognizing the different state judicial histories, and that law requires applying general principles to varied ...

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Director hot spots: the never-ending litany

honig-stephen

Historically, this column has chronicled issues identified as “hot spots” that demand heightened attention from a board of directors. A review of these columns echoes the French axiom, “plus ca change plus la meme chose” — “everything changes and everything ...

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