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Thnk about that for a moment, because it's not even possible. How are you going to finance a second building when the first one has the ability to suck up all

Thnk about that for a moment, because it's not even possible. How are you going to finance a second building when the first one has the ability to suck up all the cash flow? No bank would do it. No equity partners would do it. Throwing out limited liability is a huge deal.

GFischer 14y ago
Courts should have the option of making directors or whatever personally liable in the case of gross negligence (like cratering an adjacent building). Either that, or mandatory insurance for these cases. It's just unfair that someone is made homeless and faces the threat of being left out in the cold while the persons responsible are raking massive profits elsewhere. It's not a faceless meteorite crash, it was gross negligence. I can't find the news in English, but: http://www.lr21.com.uy/comunidad/430518-derrumbe-de-edificio-conmociono-parque-batlle-no-hubo-lesionados http://www.lr21.com.uy/comunidad/430518-derrumbe-de-edificio... In the case of patent trolls, "piercing the veil" is also complicated. There's also the common practice of naming a figurehead as the person responsible for a company, while the real owners don't figure in the legal documents (we call them "testaferros" over here). I don't know what the solution is (I wish I did), but the current system doesn't seem to be working out well.