he legal regime applicable to groups of companies in the EuropeanUnion has been discussed for many years. National legislations have been adoptedin a certain number of Member States, and new initiatives are being considered bythe European Commission and in academic writing. The central issues in groups ofcompanies is the relationship between the controlling shareholder, often the parentcompany and the subsidiaries, and the potential for abuse to the detriment of thelatter’s minority shareholders and creditors. Several answers have been formulated,ranging from a duty of the parent to indemnify the subsidiary for the c

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• A Proposal for the Reform of Group Law in Europe