{"href":"http://player.captivate.fm/services/oembed?url=http%3A%2F%2Fplayer.captivate.fm%2Fepisode%2F2f23c480-81ad-4381-9eed-1e9738ed69e0","version":"1.0","provider_name":"Captivate.FM","provider_url":"https://www.captivate.fm","width":600,"height":200,"type":"rich","html":"","title":"'Asset Partitioning without Legal Personality': 3CL Lecture","description":"Speaker: Professor Chris Thomale (University of Vienna, University Roma Tre)\r\n\r\nAbstract: According to a widely received concept coined by Hansmann/Kraakman, \u201casset partitioning\u201d denotes a bundle of doctrines surrounding the relationship of business owners as well as their business and private creditors, so-called entity shielding and owner shielding. Often, this configuration is associated with a legal entity, e.g., providing the \u201ccorporate veil\u201d which allegedly protects owners\u2019 assets from business creditors. Contrary to this intuition, it will be shown that legal personality, while offering a metaphorical framework for asset partitioning, is no institutionally indispensable prerequisite for it. To support this claim, we will look at historical and contemporary comparative evidence from continental-European as well as Middle- and South-American legal orders. This allows us to compare asset partitioning with and without legal personality and evaluate the policy implications of each.\r\n\r\n3CL runs the 3CL Travers Smith Lunchtime Seminar Series, featuring leading academics from the Faculty, and high-profile practitioners.\r\n\r\nFor more information see the Centre for Corporate and Commercial Law website at http://www.3cl.law.cam.ac.uk/","thumbnail_width":300,"thumbnail_height":300,"thumbnail_url":"https://artwork.captivate.fm/fb5df248-8620-4fa9-aee1-ac9682ea0545/4450671.jpg"}