4.01 There is some indication that an anti-letter-box1 company policy has taken roots in European company law. In some instances several European institutions have made explicit their willingness to take action against letter-box companies. It appears that the pro-letter-box company considerations that led to the delivery of the judgment in the Centros and Inspire Art cases have been replaced by a more reserved approach towards letter-box companies. 4.02 The beginning of this new approach was marked by the strong opposition opposition of trade unions to the first...
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