On the correlation of the principle of independence and independence of a legal entity and the limited liability of its founders (participants)

Abstract

The article is devoted to the relation between the principle of independence and separateness of a legal entity and the limited liability of its members. The article describes both legal and economic views on the relationship of these categories. The author analyses the influence of evolution of the principle of limited liability and legal personality on modern mechanisms for protecting the rights and interests of creditors. In the end, the author concludes that limited liability has become one of the basic characteristics of a legal entity that required constant regulation and improvement of mechanisms for protecting the rights and interests of creditors of companies and the need to maintain the balance of interests of the participants of corporate relationships taking into account the national law.