Focus (Forum & Focus)
May 23, 2009
Crossing the Lines
The Court of Appeal recently provided a substantial step forward in promoting clear guidelines on when a foreign corporation could be subject to a lawsuit in California, writes Thomas C. Klein.
FOCUS COLUMN
By Thomas C. Klein Corporate structuring involving parent-subsidiary and brother-sister entities is implemented for a number of reasons, including controlling which entities can be hauled into court in particular states. Shielding certain affiliated entities within a corporate family from being sued in certain states is one part of robust corporate planning to protect corporate assets and minimize costly regulatory or compliance burde...For only $95 a month (the price of 2 article purchases)
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