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Legally speaking, they do. Elon is a shareholder there. In the case of Brazil, in the event of a company's insolvency, the shareholder's other company becomes l
by vitorgrs 2y ago
Legally speaking, they do. Elon is a shareholder there. In the case of Brazil, in the event of a company's insolvency, the shareholder's other company becomes liable and may have its bank accounts/assets blocked, this is a common case law of the Superior Court of Justice (another high court).
- unmole 2y ago> In the case of Brazil, in the event of a company's insolvency, the shareholder's other company becomes liable Are you saying Brazilian law doesn't recognize limited liability? Nevertheless, there is no insolvency here. The judge is choosing to pierce the corporate veil.
- voxic11 2y agoWhat company is insolvent in this case?
- deleted 2y ago[deleted]
- vitorgrs 2y agoIn this case, X closed the office to not pay the fines. Usually these decision comes when a company closes to not pay the workers all their benefits left, and the judge then goes back to all the other companies that the shareholder is on, and is part of the "economic group". In Brazil legislation, what matter is if the judge decides that the companies are part of the same "economic group".