Last year BT agreed with telecoms watchdog Ofcom to legally separate its network division Openreach — around a decade after a functional separation has been imposed by the regulator.
The Sun Capital decision is important because it collapses a legal structure aimed at keeping the activities of the fund manager legally separate from the fund's investors.
Fiat and Chrysler remain legally separate.
They share staff, but are legally separate entities and have rules to avoid conflicts of interest.
Yet company law treats every business entity as legally separate, even within the same "business family".
The hospital and the university are legally separate entities that share numerous ties.
But, he went on, "corporate formalities were observed" and the fund and its adviser "remain legally separate entities".
Another option may be for rivals to acquire the overseas partnerships, which are legally separate from that in America.
The German engineering conglomerate also plans to consolidate its 1,800 legally separate entities and 70 regional companies.
The initiative, the Bridge Group, has close ties to Bain but is a legally separate nonprofit organization.
Homer and Marge legally separate, and Homer falls in love with his pharmacist, who's voiced by Lena Dunham.
