CORPORATION STATUTES AS THE ANSWER TO PARENT-SUBSIDIARY LIABILITY

The purpose of these few pages is to call attention to the view concerning the liability of a parent corporation for obligations of its subsidiaries set forth in a comment in a recent number of the Review

INTERNATIONAL STANDING IN COURT OF FOREIGN CORPORATIONS

The Supreme Court of Mexico has recently pronounced a decision of more than passing interest to the American Bar, not only because of the legal basis upon which the decision was rendered, but also because of its probable far-reaching consequences. The plaintiff corporation, organized under the laws of Delaware, brought suit for infringement of its trade mark which had been duly registered in Mexico. The Supreme Court held that inasmuch as the plaintiff was not registered in Mexico it had no existence there for the purposes of bring suit. It does not appear that the plaintiff was engaged in business in Mexico at the time

THE CORPORATE ENTITY AS A SOLVENT OF LEGAL PROBLEMS

If a layman were to ask a lawyer what is the reason that a stockholder is ordinarily not liable for his corporation\u27s debts or that a deed to corporate property by the sole stockholder in his own name is not a flawless conveyance, the answer the layman would get would be: a corporation is a wholly different person from its stockholders-it is an entity separate and distinct from them. That answer reveals the traditional approach to scores of problems in corporation law, an approach which, it is submitted, can lead the incautious into considerable trouble