The undertaking concept: national level and European Union level

Abstract

Business globalization triggers the need of dynamic to adapt to international laws the internal laws of each state and to the new commercial realities and economic policies. Therefore, it is necessary to provide to investors, in the framework of the European Union, certain concepts in order to streamline the investment and understand the applicable legislation. Thus, in regard to the internal organisation of the European Union, constituted by different jurisdictions, the uncertainty of the definition of a concept may bring disadvantages in terms of interest of investment by third countries.