Approaching the Concept of Corporate Groups: The Required Elements for its Existence

By Carlos Mario Montiel Fuentes (Universidad Externado de Colombia)

The affiliated group is the set of one or more legally independent companies under control or subordination by a controlling parent and under a single management that determines the guidelines to be followed by the members of the group. Formally it can only be spoken of a group when the two elements of its essence are met: 1. Subordination or control, and 2. The unity of purpose and direction. However, this does not mean that a new entity autonomous and independent is being created as it keeps intact the legal personality of each of the companies linked to the group.

Download Full Article: HERE

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.