Papijanc, Vitalij

The subject of dissertation is the law which establishes civil liability of the parent company against the creditors of subsidiary, also interpretation of this law and its application in practice. This paper discusses liability issues of the parent company against the creditors of subsidiary in German, Swiss, French, English, USA and Lithuanian (highlight) legal systems. The research highlights the liability of parent company as shareholder of the subsidiary, as director of the subsidiary, as well as contractual liability of parent company and liability in the bankruptcy process of the subsidiary.