ABSTRACT
Business enterprises often mutate into complex corporate groups. This transformation usually occurs because o f certain attendant benefits either to the corporate group generally or to one or more o f the separate components within the group. The principal advantage, no doubt, is the insulation o f the various legal units in the enterprise from the liability incurred by any one o f the other legal units within such enterprise. Other advantages, such as group tax relief, economic efficiency, flexibility and administrative and accountancy convenience, may further entice the enterprise to evolve into what is often a complex structure o f legally separate but functionally inter related and inter-dependent units.1
