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Macaura v Northern Assurance
Corporate Law

Macaura v Northern Assurance

Dr. Aria Goltry Dr. Aria Goltry 7 min read

The House of Lords in Macaura v Northern Assurance (1925) ruled that shareholders and creditors of a company lack an insurable interest in the company's assets. This decision emphasises the separate legal personality between a company and its shareholders, shaping future company and insurance law.

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Macaura v Northern Assurance - separate legal personality
Macaura v Northern Assurance
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