The Future of Company Law Harmonization in The European Union

Abstract

European company law is an emerging field of legal scholarship, which concerns the formation, operation and insolvency of corporations in the European Union. There is no substantive European company law as such, although a host of minimum standards are applicable to companies throughout the European Union. All member states 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 "Societas Europaea", or "SE", which allows a company to operate across all member states. This paper analyzes harmonization of the rules relating to company law, corporate governance, capital maintenance many thoughts from the Report of the Reflection group on the Future of EU Company Law from 5 April, 2011 and EU directives that are essential for the future of company law harmonization.