SOCIETAS PRIVATA EUROPAEA: THE DEVELOPMENT OF THE PROJECT
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Published:
Dec 3, 2021
Abstract
The proposal for the Council Regulation on the Statute for a European Private Company was presented on 25 June 2008. The proposal aims to establish a European Private Company Statute with limited liability and became a part of the program called the «Small Business Act» created by the European Commission to improve access for SMEs to the Single Market and to promote their development in the EU. The article deals with the preconditions for the creation of European Private Company. The paper consistently examines the sources of legal regulation and ways of foundation of a European Private Company, addresses the general provisions of the proposal for Regulation, as well as the advantages of the European Private Company, which define their current effectiveness in entrepreneurial activity. The article analyses the development of the project and explains the reasons of deep controversies on key matters, which predetermined the withdrawal of the proposal. The paper also presents the conclusions and suggestions.
How to Cite
Reingold, V., & Dolotov, V. (2021). SOCIETAS PRIVATA EUROPAEA: THE DEVELOPMENT OF THE PROJECT. Baltic Journal of Legal and Social Sciences, (2), 34-44. Retrieved from http://baltijapublishing.lv/index.php/bjlss/article/view/1430
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Keywords
European Private Company, EU company law, Regulation, supranational character, proposal for a Council Regulation on the Statute for a European Private Company, small and medium-sized enterprises
References
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19. Proposal for a Directive of the European Parliament and of the Council on single-member private limited liability companies /* COM/2014/0212 final – 2014/0120 (COD) */. [Internet resource]. http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:52014PC0212. Retrieved 19.04.2015.
2. Communication from the Commission to the Council and the European Parliament – Modernising Company Law and Enhancing Corporate Governance in the European Union – A Plan to Move Forward /* COM/2003/0284 final */. [Internet resource]. http://eur-lex.europa.eu/legal-content/EN/ALL/?uri=CELEX:52003DC0284. Retrieved 19.04.2015.
3. European Parliament Report with recommendations to the Commission on the European private company Statute (2006/2013(INI)), A6-0434/2006 final. [Internet resource]. http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+REPORT+A6-2006-0434+0+DOC+PDF+V0//EN&language=EN. Retrieved 19.04.2015.
4. Proposal for a Council Regulation on the statute for a European private company {SEC (2008) 2098} {SEC (2008) 2099} /* COM/2008/0396 final – CNS 2008/0130 */. [Internet resource]. http://eur-lex.europa.eu/legal-content/EN/ALL/?uri=CELEX:52008PC0396. Retrieved 19.04.2015.
5. Communication from the Commission to the European Parliament, the Council, the European economic and social committee and the Committee of the regions. «Think Small First». A «Small Business Act» for Europe of 25 June 2008. [Internet resource]. http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=COM:2008:0394:FIN:EN:PDF. Retrieved 19.04.2015.
6. First Council Directive 68/151/EEC of 9 March 1968 on co-ordination of safeguards which, for the protection of the interests of members and others, are required by Member States of companies within the meaning of the second paragraph of Article 58 of the Treaty, with a view to making such safeguards equivalent throughout the Community. Official Journal of the European Communities. No L 65, 14.03.1968.
7. Directive 2009/101/EC of the European Parliament and of the Council of 16 September 2009 on coordination of safeguards which, for the protection of the interests of members and third parties, are required by Member States of companies within the meaning of the second paragraph of Article 48 of the Treaty, with a view to making such safeguards equivalent. Official Journal of the European Union. No L 258, 01.10.2009.
8. Hirte H., Teichmann C. The European Private Company – Societas Privata Europaea (SPE). ECFR Special Volume 3. Berlin: Walter de Gruyter Gmbh, 2013.
9. Zaman D., Schwarz C.A. The European private company (SPE): a critical analysis of the EU draft statute. Antwerp: Intersentia, 2009.
10. Siems M., Herzog L., Rosenhäger E. The European Private Company (SPE): An Attractive New Legal Form of Doing Business? Journal of International Banking and Financial Law. 2009. [Internet resource]. http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1350465. Retrieved 19.04.2015.
11. European Parliament legislative resolution of 10 March 2009 on the proposal for a Council regulation on the Statute for a European private company (COM (2008)0396 – C6-0283/2008 – 2008/0130(CNS)). [Internet resource]. http://www.europarl.europa.eu/sides/getDoc.do?pubRef=-//EP//NONSGML+TA+P6-TA-2009-0094+0+DOC+PDF+V0//EN. Retrieved 19.04.2015.
12. Commission staff working document accompanying the proposal for a Council Regulation on the Statute for a European Private Company (SPE) – Impact assessment. SEC (2008) 2098. [Internet resource]. http://ec.europa.eu/internal_market/company/docs/epc/impact_assesment_en.pdf. Retrieved 19.04.2015.
13. Revised Presidency compromise proposal for a Council regulation on the Statute for a European private company of 27 November 2009. [Internet resource]. http://register.consilium.europa.eu/doc/srv?l=EN&f=ST%2016115%202009%20ADD%201. Retrieved 19.04.2015.
14. Revised Presidency compromise text. Proposal for a Council regulation on the Statute for a European private company of 23 May 2011. [Internet resource]. http://register.consilium.europa.eu/doc/srv?l=EN&f=ST%2010611%202011%20INIT. Retrieved 19.04.2015.
15. Garcia-Riestra M. The transfer of seat of European Company v free establishment case-law. European Business Law Review. 2004. [Internet resource]. http://www.kluwerlawonline.com. Retrieved 19.04.2015.
16. Kuehrer N. Cross-border company establishment. European Business Law Review. 2001. [Internet resource]. http://www.kluwerlawonline.com. Retrieved 19.04.2015.
17. History of the European Private Company (SPE) statute. [Internet resource]. http://www.worker-participation.eu/Company-Law-and-CG/Company-Law/European-Private-Company-SPE/History. Retrieved 19.04.2015.
18. European Social and Economic Committee and the Committee of the Regions Regulatory Fitness and Performance (REFIT): Results and Next Steps of 2 October 2013. [Internet resource]. http://ec.europa.eu/archives/commission_2010-2014/president/news/archives/2013/10/pdf/20131002-refit_en.pdf. Retrieved 19.04.2015.
19. Proposal for a Directive of the European Parliament and of the Council on single-member private limited liability companies /* COM/2014/0212 final – 2014/0120 (COD) */. [Internet resource]. http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:52014PC0212. Retrieved 19.04.2015.