Kirby encourages entrepreneurial spirit

At the ACLA Corporate Counsel Day in Sydney, on the 27th February, retired high court judge, Michael Kirby, praised the fundamental principle of Australian corporate law: that a company is a legal entity separate from the entrepreneurs behind it.

Kirby states that the law should not infringe on the “brilliant invention” of limited liability in corporate law. The separation, of an entity of a corporation from its directors is so important to the economic welfare of the country, to innovation, to the production of goods and services, and to employment.

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