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European company law

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1864:, which coordinates cross-border insolvency cases within the EU, except for Denmark. The regulation determines the jurisdiction and applicable law based on the debtor's center of main interests (COMI) and ensures automatic recognition of insolvency proceedings across member states. It promotes cooperation among administrators, courts, and creditors from different jurisdictions to streamline processes and protect the interests of all parties involved. In addition to the EU framework, individual countries have their own national insolvency laws that complement the European regulations. 1440: 1167: 1043: 37: 1698:
firms. Similarly, it requires authorisation to sell products EU wide, and then basic transparency requirements on products being sold, requirements in remuneration policies for fund managers that are perceived to reduce "risk" or make pay "performance" related. They do not, however, require limits to
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is primarily concerned with creating a "passport". If a firm complies with rules on authorisation, and governance of the management and investment companies in an overall fund structure, it can sell its shares in a collective investment scheme across the EU. This forms a broader package of Directives
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of businesses in the European Union through a process of harmonising the basic laws. The object is that when laws are harmonised, business will not be deterred by different or more onerous laws, but at the same time harmonisation provides a basic level of protection for investors in each member
1674:. Additional rules on remuneration practices, separating depositary bodies in firms from management and investment companies, and more penalties for violations were inserted in 2014. These measures are meant to decrease the risk to investors that an investment goes insolvent. The 1147:. This sets out basic provisions on the method of registration (e.g. by merger or reincorporation of an existing company) but then states that wherever the SE has its registered office, the law of that member state supplements the rules of the Statute. The 1682:. It requires similar authorisation procedures to have a "passport" to sell in any EU country, and transparency of financial contracts through duties to disclose material information about products being sold, including disclosure of potential 1503:
or banks, depending on the member state) who are holding "other people's money". A large proportion of this money comes from employees and other people saving for retirement, but who do not have an effective voice. Unlike Switzerland after a
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First Company Law Directive 68/151/EEC, on co-ordination of safeguards (...) for the protection of the interests of members and others, repealed by 2009/101/EC. This concerned company registrations, transactional validity, the effect of
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There have been, since the European Community was founded in 1957, a series of directives creating minimum standards for business across the European Union. A central aim restated in each Directive is to reduce the barriers to
1653:. This requires duties of disclosure in how a retirement fund is run, funding and insurance to guard against insolvency, but not yet that voting rights are only cast on the instructions of investors. By contrast, the 1117:
in company law, adopted 20 June 2019, requiring member state transposition, in most respects, by 1 August 2021, but at a later date if agreed by the Commission where there were "particular difficulties" with national
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Directive (EU) 2019/1151 of the European Parliament and of the Council of 20 June 2019 amending Directive (EU) 2017/1132 as regards the use of digital tools and processes in company law (Text with EEA relevance)
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Merger Tax Directive 90/434/EEC, on the common system of taxation applicable to mergers, divisions, transfers of assets and exchanges of shares concerning companies of different Member States, repealed by
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continue to operate separate companies acts, which are amended from time to time to comply with EU Directives and Regulations. There is, however, also the option of businesses to incorporate as a
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Directive (EU) 2017/1132 replaced Directive 68/151/EEC and laid down rules concerning the disclosure and interconnection of central, commercial and companies registers of Member States
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Eleventh Company Law Directive 89/666/EEC, on disclosure requirements in respect of branches opened in a Member State by certain types of company governed by the law of another State
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be able to make proposals, ask questions at meetings, vote by proxy and vote through intermediaries. This has become increasingly important as most company shares are held by
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See M Gold, 'Worker directors in the UK and the limits of policy transfer from Europe since the 1970s' (2005) 20 Historical Studies in Industrial Relations 29, 35
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is incorporated, employees have the default right to retain all existing representation on the board of directors that they have, unless the negotiate by
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is directed particularly at insurance firms, requiring minimum capital and best practices in valuation of assets, again to avoid insolvency. The
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proposed in 1972, which would have required EU-wide rights for employees to vote for boards stalled mainly because it attempted to require
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Europe Insolvency Law governs the rules and procedures related to insolvency and bankruptcy in European countries. It includes the EU
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in relation to brokers, the EU has not yet prevented intermediaries casting votes without express instructions of beneficiaries.
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that freedom of establishment requires companies operate in any member state they choose. This has been argued to risk a "
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Eighth Company Law Directive 84/253/EEC, on the approval of persons responsible for carrying out the statutory
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Twelfth Company Law Directive 89/667/EEC, on single-member private limited-liability companies, repealed by
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Fourth Company Law Directive 78/660/EEC, on accounting standards, repealed by the EU Accounting Directive
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that companies must still comply with proportionate requirements that are in the "public interest".
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on securities and financial market regulation, much of which has been shaped by experience in the
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transactions, or transactions by improperly incorporated businesses. Now replaced by Directive
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which concerns the formation, operation and insolvency of companies (or corporations) in the
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contain analogous rules, with a similar goals, for banks. To administer the new rules, the
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applies to firms with massive quantities of capital, over €100 million, essentially
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P Dyrberg, 'Full Free Movement of Companies in the European Community at Last' ELR 528
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Sixth Company Law Directive 82/891/EEC, on division of public companies, amended by
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on cross-border transfer of the registered offices of limited liability companies
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Undertakings for Collective Investment in Transferable Securities Directive 2009
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Directive (EU) 2019/1151 amended Directive (EU) 2017/1132 as regards the use of
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a different or better plan than is provided for in existing member state law.
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for who is on the board of directors for investors of labour and capital.
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Gebhard v Consiglio dell'Ordine degli Avvocati e Procuratori di Milano
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Kamer van Koophandel en Fabrieken voor Amsterdam v Inspire Art Ltd
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was established in 2011, and consists of three main branches: the
744:(SE), which allows a company to operate across all member states. 2042:
Institutions for Occupational Retirement Provision Directive 2003
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Institutions for Occupational Retirement Provision Directive 2003
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Dodd-Frank Wall Street Reform and Consumer Protection Act 2010
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Charitable incorporated organisation (England and Wales)
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of accounting document, repealed by 2006/43/EC, on statutory
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Thirteenth Company Law Directive 2004/25/EC, on takeover bids
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Among the most important governance standards are rights to
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M Andenas, 'Free Movement of Companies' (2003) 119 LQR 221
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Tenth Company Law Directive 2005/56/EC, on cross-border
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A series of rights for ultimate investors exist in the
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Institutions for Occupational Retirement Directive 2003
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European Insurance and Occupational Pensions Authority
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Swiss referendum "against corporate Rip-offs" of 2013
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Undertakings for Collective Investment Directive 2009
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77/91/EEC, on formation of public companies and the
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respectively arts 22–23, 13 and Annex II, 14 and 30
1769:of public limited liability companies, repealed by 1688:
Alternative Investment Fund Managers Directive 2011
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Alternative Investment Fund Managers Directive 2011
1237: 2284: 2240:Europäisches Unternehmens- und Kapitalmarktrecht 1536:structures, although most EU member states have 1676:Markets in Financial Instruments Directive 2004 1609:Markets in Financial Instruments Directive 2004 1258:R (Daily Mail and General Trust plc) v Treasury 1143:") has been available for incorporation in the 2071:EU Securities and Financial Markets Regulation 1949:Statute for a European Company Regulation 2001 1935:Statute for a European Company Regulation 2001 1145:Statute for a European Company Regulation 2001 303:Scottish charitable incorporated organisation 1811:Seventh Company Law Directive 83/349/EEC, on 1563: 1223: 777: 702: 1832:of annual accounts and consolidated accounts 1286:Centros Ltd v Erhvervs- og Selskabsstyrelsen 2084:The Modern Corporation and Private Property 1848:Transparency of Listed Companies Directive 1765:Third Company Law Directive 78/855/EEC, on 1759: 1132: 1073: 737: 2278:EU list of company law directives in force 1978:Centros Ltd v Erhversus-og Selkabssyrelsen 1818:, repealed by the EU Accounting Directive 1577: 1570: 1556: 1272:Gebhard v Avvocati e Procuratori di Milano 1230: 1216: 974:Transparency of Listed Companies Directive 784: 770: 709: 695: 1721:European Securities and Markets Authority 1665:") should control the voting rights. The 1300:Überseering BV v Nordic Construction GmbH 1122: 2191: 1717:European System of Financial Supervision 1917: 1915: 1913: 1799: 1699:pay. There are general prohibitions on 1470: 1104:Draft Fourteenth Company Law Directive 791: 2285: 2273:EU internal market page on company law 1739: 1516:Draft Ninth Company Law Directive, on 1313:Kamer van Koophandel v Inspire Art Ltd 950:Draft Fourteenth Company Law Directive 404:Limited liability limited partnership 319:Industrial and provident society  2151:"EUR-Lex - 32009L0138 - EN - EUR-Lex" 1750:maintenance and alteration of capital 1551: 1482: 1211: 1078: 1031:state, none of which are forced into 765: 501:Gesellschaft mit beschränkter Haftung 1910: 1836: 1734: 1678:applies to other businesses selling 1434: 1161: 1037: 2169:"EUR-Lex - 230203_2 - EN - EUR-Lex" 1963:Employee Involvement Directive 2001 1149:Employee Involvement Directive 2001 13: 2206:from the original on May 19, 2023. 1703:, and specialised prohibitions on 1543: 1523: 1198:Conflicts of law and free movement 14: 2304: 2266: 2005:Shareholder Rights Directive 2007 1657:does suggest that investors in a 1530:Draft Fifth Company Law Directive 1489:Shareholder Rights Directive 2007 1325:Cartesio Oktató és Szolgáltató bt 893:Draft Ninth Company Law Directive 848:Draft Fifth Company Law Directive 1438: 1165: 1041: 546:Société à responsabilité limitée 35: 2238:Lutter, M/Bayer, W/Schmidt, J, 2233:Europäisches Gesellschaftsrecht 2185: 2161: 2143: 2131: 2119: 2104: 2090: 2063: 2049: 2035: 1713:Capital Requirements Directives 2245:Jung, S/Krebs, P/Stiegler, S, 2026: 2010: 1998: 1984: 1970: 1956: 1942: 1928: 1785:of limited liability companies 1238:Freedom of establishment cases 914:Eleventh Company Law Directive 1: 2213: 1995:(2003) C-167/01, ECR I-10155 1855: 1672:financial crisis of 2007–2008 1404:" in standards, although the 926:Twelfth Company Law Directive 869:Seventh Company Law Directive 758:History of the European Union 2293:European Union corporate law 2247:Gesellschaftsrecht in Europa 2021:Securities Exchange Act 1934 1981:(1999) C-212/97, ECR I-1459 1746:Second Company Law Directive 1663:collective investment scheme 1540:today with unified boards. 987:Shareholder Rights Directive 881:Eighth Company Law Directive 836:Fourth Company Law Directive 812:Second Company Law Directive 428:Massachusetts business trust 7: 1879:European Union shipping law 1867: 1115:digital tools and processes 902:Tenth Company Law Directive 857:Sixth Company Law Directive 824:Third Company Law Directive 800:First Company Law Directive 615:Piercing the corporate veil 311:Community interest company 286:UK / Ireland / Commonwealth 274:Economic interest grouping 10: 2309: 1725:European Banking Authority 1709:Solvency II Directive 2009 1630:Solvency II Directive 2009 1367:Demir and Baykara v Turkey 1201: 751: 747: 384:Limited liability company 2231:M Habersack and D Verse, 1925:, accessed 14 August 2023 1894:List of company registers 1636: 1627: 1616: 1605: 1594: 1583: 1375: 1363: 1345: 1333: 1321: 1309: 1295: 1281: 1267: 1253: 1243: 1008: 996: 984: 970: 958: 947: 935: 923: 911: 899: 890: 878: 866: 854: 845: 833: 821: 809: 797: 595:Internal affairs doctrine 590:and estoppel corporations 2192:Stamegna, Carla (2018). 1904: 1760:Mergers and acquisitions 1506:2013 people's initiative 1151:also adds that, when an 1074:Formations and civil law 1028:freedom of establishment 19:This article is part of 1842:Market Abuse Directive 1497:institutional investors 265:Societas unius personae 127:General corporate forms 1578:Investment law sources 1355:ITWF v Viking Line ABP 1204:Regulatory competition 1133: 1123:European company forms 1033:regulatory competition 1016:European corporate law 961:Market Abuse Directive 754:History of company law 738: 577:Business judgment rule 2115:conflicts of interest 1862:Insolvency Regulation 1701:conflicts of interest 1684:conflicts of interest 1680:financial instruments 521:Naamloze vennootschap 511:Kabushiki gaisha 328:Limited company  2226:European Company Law 2056:UCITS Directive 2009 2007:2007/36/EC arts 5-14 1800:Accounting and audit 1667:UCITS Directive 2009 1471:Corporate governance 1423:ECR I-4165 (C-55/94) 1337:Commission v Germany 1157:collective agreement 999:Merger Tax Directive 722:European company law 645:Beneficial ownership 582:Corporate governance 418:Delaware corporation 245:Societas cooperativa 1740:Capital maintenance 1510:Dodd-Frank Act 2010 792:Company law sources 660:Corporate registers 620:Rochdale Principles 374:Benefit corporation 200:Sole proprietorship 2228:(Intersentia 2006) 1884:German company law 1727:in London and the 1686:with clients. The 1483:Shareholder rights 1450:. You can help by 1402:race to the bottom 1177:. You can help by 1139:, abbreviated to " 1079:Registration rules 1053:. You can help by 938:Takeover Directive 726:European Union law 461:Aktiengesellschaft 433:Nevada corporation 2242:(De Gruyter 2017) 2173:eur-lex.europa.eu 2155:eur-lex.europa.eu 2097:UCITS V Directive 1837:Market regulation 1735:Corporate finance 1646: 1645: 1468: 1467: 1408:soon affirmed in 1387: 1386: 1340:(2007) C-112/2005 1262:(1988) Case 81/87 1195: 1194: 1135:Societas Europaea 1071: 1070: 1022: 1021: 740:Societas Europaea 719: 718: 600:Limited liability 562: 561: 471:Ansvarlig selskap 358:Unlimited company 195:Shelf corporation 190:Shell corporation 178:Limited liability 2300: 2208: 2207: 2205: 2198: 2189: 2183: 2182: 2180: 2179: 2165: 2159: 2158: 2147: 2141: 2135: 2129: 2123: 2117: 2108: 2102: 2094: 2088: 2067: 2061: 2053: 2047: 2039: 2033: 2030: 2024: 2019:§957, inserting 2014: 2008: 2002: 1996: 1988: 1982: 1974: 1968: 1960: 1954: 1946: 1940: 1932: 1926: 1919: 1889:US corporate law 1621: 1610: 1599: 1588: 1572: 1565: 1558: 1549: 1548: 1518:corporate groups 1463: 1460: 1442: 1435: 1406:Court of Justice 1392:Court of Justice 1301: 1287: 1273: 1259: 1232: 1225: 1218: 1209: 1208: 1190: 1187: 1169: 1162: 1138: 1129:European Company 1066: 1063: 1045: 1038: 975: 786: 779: 772: 763: 762: 743: 711: 704: 697: 665:Registered agent 610:Drag-along right 550: 535: 525: 515: 505: 495: 485: 475: 465: 455: 424: 407: 387: 331: 322: 314: 306: 298: 287: 277: 269: 259: 255:Societas privata 249: 239: 220: 219: 39: 16: 15: 2308: 2307: 2303: 2302: 2301: 2299: 2298: 2297: 2283: 2282: 2269: 2216: 2211: 2203: 2196: 2190: 2186: 2177: 2175: 2167: 2166: 2162: 2149: 2148: 2144: 2136: 2132: 2124: 2120: 2109: 2105: 2095: 2091: 2087:(1932) Part III 2069:See N Moloney, 2068: 2064: 2054: 2050: 2040: 2036: 2031: 2027: 2015: 2011: 2003: 1999: 1989: 1985: 1975: 1971: 1961: 1957: 1947: 1943: 1933: 1929: 1920: 1911: 1907: 1870: 1858: 1839: 1802: 1762: 1742: 1737: 1705:asset stripping 1647: 1642: 1632: 1623: 1619: 1612: 1608: 1601: 1597: 1590: 1586: 1579: 1576: 1546: 1544:Investor rights 1538:codetermination 1526: 1524:Employee rights 1485: 1473: 1464: 1458: 1455: 1448:needs expansion 1388: 1383: 1371: 1359: 1358:(2007) C-438/05 1341: 1329: 1328:(2008) C-210/06 1317: 1316:(2003) C-167/01 1305: 1304:(2002) C-208/00 1299: 1291: 1290:(1999) C-212/97 1285: 1277: 1271: 1263: 1257: 1249: 1239: 1236: 1206: 1200: 1191: 1185: 1182: 1175:needs expansion 1127:Since 2002, a " 1125: 1118:implementation. 1081: 1076: 1067: 1061: 1058: 1051:needs expansion 1023: 1018: 1004: 992: 980: 973: 966: 954: 943: 931: 919: 907: 895: 886: 874: 862: 850: 841: 829: 817: 805: 793: 790: 760: 752:Main articles: 750: 724:is the part of 715: 670: 669: 650:Civil procedure 640: 632: 631: 605:Tag-along right 572: 564: 563: 548: 533: 523: 513: 503: 493: 483: 473: 463: 453: 422:statutory trust 416: 405: 385: 329: 326: 320: 312: 304: 296: 285: 275: 267: 257: 247: 237: 217: 215:by jurisdiction 214: 213:Corporate forms 205: 204: 185:Private limited 153:Holding company 128: 120: 119: 101: 47: 46:By jurisdiction 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1343: 1342: 1334: 1331: 1330: 1322: 1319: 1318: 1310: 1307: 1306: 1296: 1293: 1292: 1282: 1279: 1278: 1276:(1995) C-55/94 1268: 1265: 1264: 1254: 1251: 1250: 1244: 1241: 1240: 1235: 1234: 1227: 1220: 1212: 1202:Main article: 1199: 1196: 1193: 1192: 1186:September 2022 1172: 1170: 1124: 1121: 1120: 1119: 1111: 1108: 1102: 1096: 1093: 1080: 1077: 1075: 1072: 1069: 1068: 1062:September 2022 1048: 1046: 1020: 1019: 1009: 1006: 1005: 997: 994: 993: 985: 982: 981: 971: 968: 967: 959: 956: 955: 948: 945: 944: 936: 933: 932: 924: 921: 920: 912: 909: 908: 900: 897: 896: 891: 888: 887: 879: 876: 875: 867: 864: 863: 855: 852: 851: 846: 843: 842: 834: 831: 830: 822: 819: 818: 810: 807: 806: 798: 795: 794: 789: 788: 781: 774: 766: 749: 746: 730:European Union 717: 716: 714: 713: 706: 699: 691: 688: 687: 686: 685: 680: 678:Company portal 672: 671: 668: 667: 662: 657: 652: 647: 641: 638: 637: 634: 633: 630: 629: 622: 617: 612: 607: 602: 597: 592: 584: 579: 573: 570: 569: 566: 565: 560: 559: 558: 557: 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1993: 1987: 1980: 1979: 1973: 1967: 1964: 1959: 1953: 1950: 1945: 1939: 1936: 1931: 1924: 1918: 1916: 1914: 1909: 1900: 1897: 1895: 1892: 1890: 1887: 1885: 1882: 1880: 1877: 1875: 1872: 1871: 1865: 1863: 1851: 1847: 1845: 1841: 1840: 1831: 1827: 1823: 1821: 1817: 1814: 1810: 1808: 1804: 1803: 1795: 1790: 1787: 1784: 1780: 1778: 1774: 1772: 1768: 1764: 1763: 1755: 1751: 1747: 1744: 1743: 1732: 1730: 1726: 1722: 1718: 1714: 1710: 1706: 1702: 1697: 1693: 1689: 1685: 1681: 1677: 1673: 1668: 1664: 1660: 1656: 1652: 1641: 1635: 1631: 1626: 1622: 1615: 1611: 1604: 1600: 1593: 1589: 1582: 1573: 1568: 1566: 1561: 1559: 1554: 1553: 1550: 1541: 1539: 1535: 1531: 1519: 1515: 1514: 1513: 1511: 1507: 1502: 1498: 1494: 1490: 1480: 1478: 1462: 1453: 1449: 1446:This section 1444: 1441: 1437: 1436: 1430: 1429: 1425: 1422: 1421: 1417: 1416: 1415: 1413: 1412: 1407: 1403: 1399: 1398: 1393: 1382: 1381: 1374: 1369: 1368: 1362: 1357: 1356: 1351: 1350: 1344: 1339: 1338: 1332: 1327: 1326: 1320: 1315: 1314: 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Retrieved 2172: 2163: 2154: 2145: 2133: 2121: 2113:, art 18 on 2106: 2092: 2082: 2070: 2065: 2059:art 19(3)(o) 2051: 2037: 2028: 2012: 2000: 1990: 1986: 1976: 1972: 1958: 1944: 1938:No 2157/2001 1930: 1859: 1648: 1527: 1493:shareholders 1486: 1474: 1456: 1452:adding to it 1447: 1426: 1418: 1409: 1395: 1389: 1378: 1365: 1353: 1347: 1335: 1323: 1311: 1297: 1283: 1269: 1255: 1183: 1179:adding to it 1174: 1126: 1086: 1059: 1055:adding to it 1050: 1024: 721: 720: 624: 587: 545: 530: 520: 510: 500: 491:Aksjeselskap 490: 481:Aktieselskab 480: 470: 460: 449: 336:by guarantee 264: 254: 244: 233: 138:Conglomerate 82:South Africa 1850:2004/109/EC 1794:2009/133/EC 1692:hedge funds 1659:mutual fund 1499:(primarily 1411:Inspire Art 1349:The Rosella 1100:2009/102/EC 1087:ultra vires 1002:2009/133/EC 978:2004/109/EC 929:2009/102/EC 803:2009/101/EC 626:Ultra vires 346:proprietary 163:Partnership 158:Joint-stock 148:Corporation 143:Cooperative 2214:References 2178:2023-05-19 2138:2011/61/EU 2126:2011/61/EU 2111:2004/39/EC 2100:2014/91/EU 2045:2003/41/EC 1856:Insolvency 1820:2013/34/EU 1807:2013/34/EU 1777:2007/63/EC 1771:2011/35/EU 1754:2012/30/EU 1431:(C-208/00) 1248:arts 49-55 990:2007/36/EC 941:2004/25/EC 917:89/666/EEC 905:2005/56/EC 884:2006/43/EC 872:83/349/EEC 860:82/891/EEC 839:78/660/EEC 827:2011/35/EU 815:2012/30/EU 683:Law portal 531:Osakeyhtiö 450:Aktiebolag 399:Series LLC 2023:§6(b)(10) 1921:EUR-Lex, 1844:2003/6/EC 1491:requires 1370:ECHR 1345 1091:2017/1132 964:2003/6/EC 571:Doctrines 341:by shares 57:Australia 2287:Category 2254:Articles 2201:Archived 2128:art 3(2) 2079:GC Means 2075:AA Berle 1868:See also 1816:accounts 1394:held in 655:Contract 588:De facto 420: / 234:Societas 52:Anguilla 21:a series 1783:mergers 1767:mergers 1397:Centros 748:History 555:more... 173:Limited 168:General 133:Company 113:Germany 97:Vietnam 1830:audits 1826:audits 1707:. The 1640:EU law 1380:EU law 1131:" (or 1012:EU law 549:(SARL) 524:(N.V.) 514:(K.K.) 504:(GmbH) 452:  441:Others 406:(LLLP) 351:public 330:(Ltd.) 305:(SCIO) 276:(EEIG) 236:  108:France 67:Canada 2219:Books 2204:(PDF) 2197:(PDF) 1966:Annex 1952:art 3 1905:Notes 1813:group 1661:or (" 484:(A/S) 474:(ANS) 386:(LLC) 321:(IPS) 313:(CIC) 297:(CIO) 268:(SUP) 258:(SPE) 248:(SCE) 77:India 2077:and 1694:and 1638:See 1487:The 1477:vote 1390:The 1377:See 1246:TFEU 1014:and 1010:See 756:and 540:S.A. 534:(Oy) 494:(AS) 464:(AG) 454:(AB) 238:(SE) 1454:. 1352:or 1181:. 1057:. 62:BVI 2289:: 2199:. 2171:. 2153:. 2081:, 1912:^ 1528:A 1153:SE 1141:SE 1035:. 87:UK 23:on 2181:. 2157:. 1571:e 1564:t 1557:v 1461:) 1457:( 1231:e 1224:t 1217:v 1188:) 1184:( 1064:) 1060:( 785:e 778:t 771:v 710:e 703:t 696:v

Index

a series
Corporate law

Anguilla
Australia
BVI
Canada
Cayman Islands
India
South Africa
UK
United States
Vietnam
European Union
France
Germany
Company
Conglomerate
Cooperative
Corporation
Holding company
Joint-stock
Partnership
General
Limited
Limited liability
Private limited
Shell corporation
Shelf corporation
Sole proprietorship

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