De Facto Corporate Control Mechanisms in Capital-Intensive Projects
This Observatoire ARGA report analyzes the systemic transformation of corporate governance models within the Eurasian region
The study explores the phenomenon of “functional control,” where effective authority over assets and financial flows shifts to a specific group without formal changes in shareholding structures
The author examines managerial nodes, financial redistribution mechanisms, and the role of cross-border encumbrances as tools for de facto control. Key emphasis is placed on risks for international investors and compliance implications under FATF, OECD, and Basel Committee standards
Citation Rules
- Mandatory source attribution. When using ARGA Observatory materials, the full name must be cited.
- Date and version indication. For analytical reports, the year of publication is mandatory.
- Link to the original. Electronic materials must be accompanied by an active link to the official website.
- Context preservation. Citations must not be shortened or altered in a way that distorts the original meaning.
- Note on adaptation. If the text is abridged or translated, state: "adapted from ARGA Observatory report".
- No commercial use without written permission from the organization.
- Data accuracy preservation. Charts and tables must be reproduced without changes.