In June 2013 the CJEU provided for a preliminary ruling under Article 49 TfEU with regard to the exclusion under national law of joint and several liability of parent companies vis-à-vis the creditors of their subsidiaries in a cross-border context. The Court's ruling calls for an investigation on the wide range of (potential) legal ramifications for companies (and firms) embedded in a group structure while operating on a cross-border scale, notably in view of the need to establish a Union wide level playing field. However, the judgment does not entail any progress in the field, as the Court refrains from delineating clear EU law standards.
European Company Law