ABSTRACT

The whole of company law has been brought into existence as part of jurisprudence in the United Kingdom both to explain the operation of companies and also to regulate their activities. This chapter suggests that the company device is an empty shell into which human beings pour their ambitions, their aspirations and their activities. Everything that is said and written about companies and about company law is the product of human minds and human ingenuity. In English law a company is treated by company law as being a legal person in the same way that an adult human being is treated as being a legal person. Company law is a tremendously enjoyable subject to study. Even though it is entirely the creation of human minds, it nevertheless feels very rooted in 'the real world' in the sense that it is the lifeblood of much commerce.