The new legislation may affect SQP's desirability as investment vehicles, especially in private equity and property investment fund structures as the traditional advantages of SQPs — such as separate legal personality and tax transparency — will need to be weighed against the public disclosure of those individuals who hold a controlling interest, directly or indirectly, in the SQP. (kemplittle.com)
Although the interests of justice may provide the policy impetus for creating exceptions to the doctrines of separate legal personality and limited liability, as an exception itself it suffers from the defect of being inherently vague and providing to neither courts nor those engaged in business any clear guidance as to when the normal company law rules should be displaced. (slaw.ca)
The CIO format is designed only for charities and aims to combine the best of both worlds — all the advantages of corporate status, including separate legal personality (so that a CIO is able to conduct business and hold property in its own name rather than under the names of the individual trustees), and limitation of liability for its trustees and members, while at the same time avoiding dual regulation under both company law and charity law. (edwincoe.com)