Tuesday, December 07, 2004

Legal Privilege no protection for James Hardie

When laws and ethics intersect, there are some days when ethics wins.

Lawyers should give legal advise that include the possibility that the Government may make legal things illegal.

In one of the debates on ABC radio, it was suggested that the corporate veil be lifted on James Hardie, exposing the shareholders to the liability directly.

Yahoo news: James Hardie laws pass first hurdle. The parliament passed a law that laws ASIC to access legally privilieged documents relating to James Hardie.

Parliament Bills: James Hardie (Investigations and Proceedings) Bill 2004.


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