![](https://clsbluesky.law.columbia.edu/wp-content/uploads/sites/2/2020/12/pargendler-e1684679372708.jpg?w=150&h=183&crop=1)
The New Corporate Law of Corporate Groups
Large firms today are rarely organized as a single legal entity, but rather as corporate groups with numerous subsidiaries that have separate legal personalities. A debate has long raged over how to treat the legal boundaries between companies belonging to …