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MAIN EUROPEAN FORMS OF ORGANIZING ECONOMIC ACTIVITIES
MAIN EUROPEAN FORMS OF ORGANIZING ECONOMIC ACTIVITIES

Author(s): Luiza-Melania Teodorescu
Subject(s): EU-Legislation
Published by: Österreichische Nationalbibliothek Wien/ Österreichisch-Rumänischer Akademischer Verein
Keywords: Economic Interest Group; European Economic Interest Grouping; uniformization of the law; European society; holding; European cooperative society; harmonization of the law;

Summary/Abstract: The European institutions regulated the company law indirectly by certain directives (leaving to the member states to achieve the objectives, having a teleological obligation) and directly by European Court of Justice decisions, on the other hand. This regulation is meant to: (a) find a balance, (b) level and (c) find mutual recognition.The European legislator, taking into consideration the difference in trade solutions and provisions between national legal systems, started by conforming the national laws which refer to companies. The corpus of the Company Law, the „12 directives” represent the first step, namely the adjustment of the national solutions as to create an equivalent on an European level. Implementing the provisions aims to create similar economic entities in a larger economic environment; this allows their survival and the development based on the rules of a free market, but also a higher protection of third parties by offering predictable guarantees.A second type of regulations refers to an even European legislation which creates original and new forms of companies: European Economic Interest Grouping (E.E.I.G.), the European Society (S.E.) and the European Cooperative Society (S.C.E.).

  • Issue Year: IX/2015
  • Issue No: IX
  • Page Range: 327-331
  • Page Count: 5
  • Language: English
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