A Battle against Regulatory Arbitrage in the Delusive Fringes of Article 49? – The Current State of Law in Terms of Abuse of Right to Establishment for Legal Persons
Through its decision in Centros, ECJ opened up for a wide use of the freedom of establishment for legal persons. In substance the ruling concluded that there are situations were the freedom of establishment can be relied upon in order to circumvent national legislation. Such circimventional transactions can be denominated as regulatory arbitrage. It is to be understood as the actions by which eco
