Stopping Jurisdictional Arbitrage by Multinational Companies: A National Solution?
European Company Law, Volume 11, Issue 2, 2014
5 Pages Posted: 26 Jul 2014
Date Written: July 25, 2014
In Albania there is a company group system allowing all of the subsidiaries and the parent company to be sued by creditors. A 'Control Group' is defined as where 'one company regularly behaves and acts subject to the directions or instructions of another company' without a shareholder relationship between the companies. If other jurisdictions could follow it would allow more transparency and accountability for multinational companies.
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