In other words, the law is an instrument if power.
That’s a cynical view, but unfortunately it seems true in many cases, especially for corporate law.
"there is an in-group for which the law protects but does not bind, and an out-group to which the law binds but does not protect"
"there is an in-group for which the law protects but does not bind, and an out-group to which the law binds but does not protect"