In this episode, I delve into the crucial concept of separate corporate personality within the context of secured financing. I explain what separate corporate personality means and how it impacts both lenders and borrowers and discuss the potential risks and benefits of this legal doctrine.

Lenders will learn about the importance of obtaining guarantees from subsidiaries or controlling persons to mitigate the risk of limited liability. Borrowers, on the other hand, will discover strategies to maintain their corporate shield.

Finally, I provide insights for lawyers representing both sides, highlighting key considerations and legal strategies to protect their clients' interests in secured financing transactions.