|
|
Article: EU Company Law - European Company Statute Comes Into Force With National Delays.(European Company Statute came into force on 8 October 2004)
- Article from:
- Mondaq Business Briefing
- Article date:
- October 14, 2004
CopyrightCOPYRIGHT 2004 Mondaq Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
The European Company Statute came into force on 8 October 2004, but national delays stop companies from using it
The European Company Statute (in theory) came into force on 8 October 2004, over thirty years after it was first proposed by the Commission. The European Company Statute is a legal instrument based on European Community law that gives companies the option of forming a European Company - formally known by its Latin name of "Societas Europeae" (SE). A European Company can operate on a European-wide basis and be governed by Community law directly applicable in all Member States. As a European Company a business can restructure fast and easily to take ...