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Prof. Dr. Christoph Teichmann Julius-Maximilians-Universität Würzburg

Cross- Border Mobility in European Company Law. Prof. Dr. Christoph Teichmann Julius-Maximilians-Universität Würzburg. Making use of national company law. Ltd. (1) Choice of applicable company law : foundation of a company abroad.

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Prof. Dr. Christoph Teichmann Julius-Maximilians-Universität Würzburg

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  1. Cross-Border Mobility in European Company Law Prof. Dr. Christoph Teichmann Julius-Maximilians-Universität Würzburg

  2. Making useof national companylaw Ltd. (1) Choice ofapplicablecompanylaw: foundationof a companyabroad (3) Result: Applicationof English companylawforactivity in Germany (2) Freedom ofestablishment: establishingheadquarter in homecountry

  3. Making useof national companylaw AG GmbH • Applicationof German companylawforactivityabroad, if • Home countryagreestocontinuingapplicationofitscompanylawand • Host stateacceptsapplicationofforeigncompanylaw.

  4. Cross-bordermerger Ltd. GmbH (1) Based on 10th European companylawdirective (2) Assetsofthetransferingcompany will betakenoverbytheabsorbingcompany (3) Result: Change into a national companyofanotherjurisdiction.

  5. The European Company • SE-Regulation (directlyapplicable in everymemberstate) • Formation ofthe SE: merger, holding SE, subsidiary SE, conversionofpubliccompany • Choice betweenone-tierandtwo-tiersystem • Procedureforthetransferofthe registered office • Many References to national law • SE-Directive: supplementingthe Regulation • Information, consultationandparticipationofemployeesshallbedefinedby an agreement. • Negotiationstakeplacebetweenorgansoftheparticipatingcompaniesandspecialnegotiatingbody

  6. The realityofthecommonmarket

  7. Surfacetreatmenttechnology:metalcleaning, electroplating 1993 – Unilever spin-off (managementby-out) Headquarter in Southern Germany 2009 – 80 employees (in Germany) 42 % ofturnover outside Germany 23 subsidiaries in other countries

  8. United Kingdom Denmark Poland Netherlands Czech Republic France Slovakia Romania Spain Italy Austria Slovenia Portugal Greece

  9. The European Private Company  ascompleteaspossible European Regulation + ArticlesofAssociation Contractualfreedomfortheinternalaffairs Onlyfewreferencesto national law. • The European Private Company • (or: SocietasPrivataEuropaea – SPE)

  10. SPE SPE SPE SPE SPE SPE SPE SPE SPE SPE SPE SPE SPE SPE

  11. The European Private Company Proposalby European Commission (2008) CompromiseproposalbySwedishpresidency (Dec. 2009) Remainingissues: Minimum capital (8,000 €) ? Negotiationswithemployees (ifmorethan 500)? Separation of registered officeandheadquarter in different memberstates?

  12. Conclusion SPE

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