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EU considers calculating X fines by including revenue from Musk’s other firms (arstechnica.com)

submitted 20 hours ago by Xatolos@reddthat.com to c/technology@lemmy.world

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[–] TheBat@lemmy.world 14 points 15 hours ago (1 children)

isn't the one of the main purposes of creating an LLC or Corporation to shield your personal assets from the company's finances?

It is but it is not written in stone for all eternity. If people are abusing this law, like Musk, then it gets amended or rewritten.

[–] tekato@lemmy.world -1 points 15 hours ago (1 children)

I agree. They can try to change the laws, and if the majority of those with voting powers agree on a way to handle these cases while doing more good than harm, I’m sure few would complain.

[–] sugar_in_your_tea@sh.itjust.works 1 points 1 hour ago

But it can't be retroactive. If you change the nature of legal protection, that should only impact actions going forward. Ex post facto laws are illegal in the US, as they should be in any country where the rule of law is to be taken seriously.