Group Interest in Hungary
Group Interest in Hungary

Summary/Abstract: In company law, there is a basic principle that the company is an autonomous legal entity and independent from other subjects of law. In the relationship of the parent company and the subsidiaries, we can find two perspectives: – on the one hand, an economic perspective: the separate corporations constitute one enterprise (the subsidiaries are or can be instructed/directed by the parent company), the group of corporations is a unitary business entity; – on the other hand, a legal perspective: the coherence and the conflict among the interest of the parent company, the interest of the subsidiaries, and the interest of the group.

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