92:, while in the UK the minimum capital requirement was £1. The Danish registry justified its enforcement of the rule as a way to protect creditors and prevent fraudulent insolvency. Centros Ltd argued that it had the right to be recognised in Denmark under the provisions of freedom of establishment in the
108:
The
European Court of Justice held that the Danish authorities' refusal to recognise the company was contrary to articles 52, 56 and 58, and that its rules on minimum capital were not justified by the aim of protecting creditors by anticipating the risks of fraudulent bankruptcy due to the insolvency
109:
of companies having inadequate initial capitalisation. The national authorities could adopt less restrictive measures, such as enabling creditors to obtain necessary guarantees, or could adopt measures preventing or penalising fraud, if necessary with the cooperation of another Member State.
85:
88:, refused on the basis that the company was attempting to circumvent the Danish requirement for companies to pay up a minimum of share capital. In Denmark this was 200,000
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import and export business, was registered in the United
Kingdom and applied in Denmark, where it traded, to register there. The Danish authority,
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case, concerning the right of freedom of establishment.
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345:
359:Court of Justice of the European Union case law
167:R (Daily Mail and General Trust plc) v Treasury
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195:Centros Ltd v Erhvervs- og Selskabsstyrelsen
61:Centros Ltd v Erhvervs- og Selskabsstyrelsen
21:Centros Ltd v Erhvervs-og Selskabsstyrelsen
181:Gebhard v Avvocati e Procuratori di Milano
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209:Überseering BV v Nordic Construction GmbH
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222:Kamer van Koophandel v Inspire Art Ltd
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13:
14:
390:
234:Cartesio Oktató és Szolgáltató bt
53:Right of freedom of establishment
379:European Union company case law
374:1999 in United Kingdom case law
354:United Kingdom company case law
147:Freedom of establishment cases
86:Erhvervs- og Selskabsstyrelsen
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276:Demir and Baykara v Turkey
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98:European Court of Justice
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30:European Court of Justice
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330:
75:
264:ITWF v Viking Line ABP
306:European company law
246:Commission v Germany
70:European company law
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249:(2007) C-112/2005
171:(1988) Case 81/87
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369:1999 in Denmark
364:Danish case law
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312:Paul v Virginia
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267:(2007) C-438/05
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237:(2008) C-210/06
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225:(2003) C-167/01
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213:(2002) C-208/00
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199:(1999) C-212/97
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80:Centros Ltd, a
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185:(1995) C-55/94
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90:Danish kroner
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43:, ECR I-1459
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326: (1869)
258:The Rosella
348:Categories
336:References
157:arts 49-55
279:ECHR 1345
94:EC Treaty
36:Citations
113:See also
104:Judgment
66:C-212/97
48:Keywords
41:C-212/97
100:(ECJ).
64:(1999)
39:(1999)
289:EU law
331:Notes
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76:Facts
68:is a
26:Court
286:See
155:TFEU
82:wine
324:168
261:or
350::
321:US
317:75
315:,
140:e
133:t
126:v
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