Guiding Case No. 15: XCMG Construction Machinery Co., Ltd. v. Chengdu Chuanjiao Industry & Trade Co., Ltd. et al.
Where affiliated companies so heavily intermingle personnel, business, and finances that assets cannot be distinguished and creditors are seriously harmed, corporate personalities are deemed commingled and the affiliated companies bear joint liability for external debts.
Holding
Where affiliated companies so heavily intermingle personnel, business, and finances that assets cannot be distinguished and creditors are seriously harmed, corporate personalities are deemed commingled and the affiliated companies bear joint liability for external debts.
Issues
commingling among affiliated companiesseparate corporate personalityjoint liability