Protecting Your PE Firm From Portfolio Co. Obligations

Law360, New York (May 25, 2016, 11:14 AM EDT) -- In the countercultural attitudes of the 1960s, there was a lot of talk about the need to get behind the facade presented by one's outward facing personality, and the physical shell of one's body, to the real inward essence of one's personhood. The means that were sometimes used to accomplish this objective (however unsuccessfully) have caused many of the supposed participants in these means to proclaim that "if you can remember the '60s, you weren't really there." Whether that proclamation has any validity is certainly open to dispute; indeed I am confident that there are many that both remember the '60s and either did not really think they needed to find their real selves, or employed other means of doing so. But the idea that there is a real self lurking behind the veil of the projected self is a proposition on which experts in both theology and psychology would apparently agree. Nevertheless, the law does not normally express a view on this topic, at least when it comes to the true personhood of human individuals....

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