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Christian Witting - 2008 ARC Discovery Project

 

Project Title
:
The Liability of Corporate Groups
 
Duration
:
2008-2010
Funding
:
$157,618
Chief Investigators
:
Associate Professor Christian Witting
 
Project Summary
:
The importance of a re-examination of the rules of limited liability has been demonstrated in many recent cases of corporate wrongdoing and collapse. This has been highlighted by the restructuring of the James Hardie Group of companies, the conscious aim of which was the decision to free the group of its asbestos liability 'legacy'. Were it not for government intervention, thousands of persons injured by asbestos products would have gone without compensation. One means by which such unfairness can be avoided is by reform to the rules of limited liability. This project will explore the means by which this could be achieved.
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