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The Case Against a Special Regime for Intragroup Transactions

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Bibliographic Details
Main Authors: Enriques, Luca, Gilotta, Sergio
Format: Book
Language:English
Published: Springer 2023
Subjects:
Corporate
Intragroup Transactions
Online Access:https://link.springer.com/article/10.1007/s40804-023-00285-3
https://dlib.phenikaa-uni.edu.vn/handle/PNK/9086
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spelling oai:localhost:PNK-90862023-09-18T08:10:41Z The Case Against a Special Regime for Intragroup Transactions Enriques, Luca Gilotta, Sergio Corporate Intragroup Transactions CC-BY Corporate groups with minority shareholders in one or more subsidiaries are common around the world, despite the risks such arrangements pose to those shareholders. Shaping a firm as a web of formally independent, minority-co-owned legal entities facilitates controllers’ diversion of corporate wealth (tunnelling) via intragroup transactions and other non-transactional techniques. While many jurisdictions leave the regulation of intragroup transactions to ordinary remedies against self-dealing, others (mostly in Europe) establish a special regime centred on a relaxation of directors’ fiduciary duties. Under this special regime, subsidiary directors are not liable if they make disadvantageous decisions that are beneficial to other entities within their group, provided that proper compensation is granted (or, according to some proposals, may reasonably be expected to be granted) to the subsidiary. 2023-09-18T08:10:41Z 2023-09-18T08:10:41Z 2023 Book https://link.springer.com/article/10.1007/s40804-023-00285-3 https://dlib.phenikaa-uni.edu.vn/handle/PNK/9086 en application/pdf Springer
institution Digital Phenikaa
collection Digital Phenikaa
language English
topic Corporate
Intragroup Transactions
spellingShingle Corporate
Intragroup Transactions
Enriques, Luca
Gilotta, Sergio
The Case Against a Special Regime for Intragroup Transactions
description CC-BY
format Book
author Enriques, Luca
Gilotta, Sergio
author_facet Enriques, Luca
Gilotta, Sergio
author_sort Enriques, Luca
title The Case Against a Special Regime for Intragroup Transactions
title_short The Case Against a Special Regime for Intragroup Transactions
title_full The Case Against a Special Regime for Intragroup Transactions
title_fullStr The Case Against a Special Regime for Intragroup Transactions
title_full_unstemmed The Case Against a Special Regime for Intragroup Transactions
title_sort case against a special regime for intragroup transactions
publisher Springer
publishDate 2023
url https://link.springer.com/article/10.1007/s40804-023-00285-3
https://dlib.phenikaa-uni.edu.vn/handle/PNK/9086
_version_ 1779307153730830336
score 8.887836

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