📚 noun • entry_id 58963
shell company
Meanings (ES + gloss)
compañía fachada • corporación pantalla • empresa fantasma
A company that engages in no substantive business activities, but instead exists as a vehicle for legal or financial transactions, typically to shield another party from liability or other issues.
It was a shell company and, the SEC alleges, never had researchers, research plans or any scientific resources.
This luxury-loving and profligate shell company is registered at a betting shop on the Caledonian Road, an unlovely thoroughfare in North London on which you'd be more likely to fi…
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