Abstract
Abstract This chapter seeks to provide a summary review for European students of corporate groups of those significant developments in American judicial decisions and statutory law which I have termed ‘the emerging American law of corporate groups’. I have written extensively of these developments in the five volumes comprising my series on The Law of Corporate Groups (Blumberg 1983, 1985, 1987b, 1989, 1992) and in various legal periodicals (Blumberg 1990a, 1990b, 1986), to which readers interested in more detailed discussion of these matters are referred. However they may differ in other respects, the legal systems of the Western world without exception share the same fundamental concepts of corporation law. Reflecting their common legacy of medieval notions of Roman law (Buckland 1965: 54; Williston 1888: 164), Western legal systems share the same view of the juridical personality of the corporation. This is the view that a corporation is a separate juridical person with its own rights and duties, separate from those of the persons who may from time to time be its shareholders. This is entity law.
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