ring fencing

Ring fencing refers to the practice of separating one part of a company or organization from the rest, often to protect it or to prevent it from affecting the company's other operations. This could involve setting up a separate legal entity, creating a separate financial account, or establishing barriers to limit the movement of assets between different parts of the company. The goal of ring fencing is to safeguard specific assets, operations, or liabilities, maintaining their distinctiveness and minimizing their impact on other areas of the company.