Legal provisions of the holding company and the impact of its relationship with its subsidiares

The regulation of holding companies is a recent organization in Iraq under law no (17) of 2019,companies law amendment law, unlike rest of the world that organized holding companies for a long time, due to their economic importance for practicing business in investment, fields according to their solvency that enables them to controlling a number of boards of directors of companies called subsidiaries, which are related to their management and liquidation, or the establishment of new companies that are affiliated with the holding company, and what is reflected in the emergence of effects surrounding the relationship of the holding company with its subsidiaries, in light of the responsibility of representatives the holding company is responsible for managing the subsidiaries and the debts owed by these companies. In addition, the holding company is one of the money companies, as its establishment is subject to procedures and conditions that do not differ from joint stock companies and limited liability companies, of which the holding company takes one the two types, which differ from general partnership, simple companies and individual project. The research dealt with the concept and objectives of the holding company the terms of its incorporation and its relationship with its subsidiaries, and the effects of this relationship