3 ms·
In general, aren't the stock owners (the parent companies) non-liable for the operations of the limited-liability corporation (the subsidiary)?
by tuukkah 8y ago
In general, aren't the stock owners (the parent companies) non-liable for the operations of the limited-liability corporation (the subsidiary)?
- the_mitsuhiko 8y agoMost countries have a form of "Piercing the corporate veil" so that companies cannot just make subsidaries default nilly willy without any repercussions. And that even assumes that obike Singapore declared bankruptcy. In central Europe for sure you cannot even use deposits to satisfy creditors unless the deposit was made after the moment of insolvency. I have never heard deposits not being paid back if a company ceases operation by leaving a market.