'[H]e might put on a hat ' and so escape.' Shakespeare, The Merry Wives of Windsor, IV, 2.
Parent Corporations and Their Subsidiaries' Liabilities: Guidelines
There are many reasons to insulate parent and sibling entities from known exposure to which a particular subsidiary is subject. These include, in addition to the tort and federal regulations at issue in the <i>Forsythe</i> and <i>Bestfoods</i> cases, mentioned herein, vulnerability to the taxes, regulation and jurisdiction of a state or foreign nation. Protecting against such vulnerabilities are an important task for corporate counsel. This article explains.
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