Sentences with phrase «distinct legal personality»

Many features of the Scottish limited partnership are attractive to businesses, from its tax transparency to the partnership's distinct legal personality.

Unlike trusts, Foundations are incorporated as legal entities with their own distinct legal personality.

In its Judgment of 20 September 2012 in case T ‑ 154 / 10 French Republic vs. European Commission, the General Court of the EU (GC) has established a new test of «bankruptcy - proofness» as an advantage contrary to Article 107 (1) TFEU that may generate a significant shake up in the control of State aid granted (implicitly) to establishments of an industrial and commercial character (EICC, or EPIC in their French acronym)-- ie legal entities governed by public law which have distinct legal personality from the State, financial independence and certain special powers, including the performance of one or more public service tasks.

Surely the use of corporate subsidiaries and distinct legal personalities should not shelter against accountability in these cases, especially where there is some form of capital flight before proceedings can be brought.

Not exact matches

Given that SLPs are distinct from English limited partnerships by virtue of having separate legal personality, the equality of treatment for UK tax purposes (primarily tax - transparency) makes using an SLP particularly attractive.

Alternatively, funds may be incorporated as international limited partnerships, which do not have a separate legal personality distinct from that of the partners; making the general partner ultimately responsible for the debts and obligations of the partnership (a limited partner is not liable for the debts and obligations of a partnership beyond the amount of its contributed partnership interest).

A basic corporate legal principle is that a corporation is an independent legal personality distinct and separate from its shareholders and directors.

Thus, when it is said that Canada and the United Kingdom share the same Queen, this is a reference to the monarch as a natural person, not their distinct Sovereigns as legal personalities.