Centros: A Landmark Decision in European Company Law

Festschrift fur R.M. Buxbaum, Theodore Baums, ed., 1999

Posted: 22 Feb 2000

See all articles by Eddy Wymeersch

Eddy Wymeersch

Ghent University - Financial Law Institute; ECGI

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Abstract

The 'Centros' judgment of the European Court of Justice is provoking great waves of unrest on the continent: interpretations vary from a breakthrough of the incorporation doctrine, the opponent philosophy, the seat doctrine having been thrown overboard, while the introduction of the Delaware rule in Europe would entail the much dreaded "race to the bottom." The Centros case will stir legal debate in several directions. After an analysis of the Centros-judgment, this paper looks into the possible implications of the ruling on the 'seat doctrine', the transborder transfer of the company seat and the prospects for harmonisation and regulatory competition in company.

Suggested Citation

Wymeersch, Eddy O., Centros: A Landmark Decision in European Company Law. Festschrift fur R.M. Buxbaum, Theodore Baums, ed., 1999, Available at SSRN: https://ssrn.com/abstract=190432

Eddy O. Wymeersch (Contact Author)

Ghent University - Financial Law Institute ( email )

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Gent, B-9000
Belgium
+32 9 264 68 27 (Phone)
+32 9 264 68 55 (Fax)

HOME PAGE: http://www.law.ugent.be/fli

ECGI ( email )

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