The Status of the Law on Stock Companies in Central and Eastern-Europe: Facing the Challenge to Enter the European Union and Implement European Company Law

28 Pages Posted: 6 Mar 2014

See all articles by Agnes Arlt

Agnes Arlt

Vienna University of Economics and Business

Cécile Bervoets

Vienna University of Economics and Business

Kristoffel R. Grechenig

Max-Planck-Institute for Research on Collective Goods

Susanne Kalss

Alpen-Adria-University Klagenfurt

Date Written: 2003

Abstract

Most of the countries that are candidates for EU membership are from Central and Eastern Europe. Although their company laws are generally rooted in the Western (and Central) European legal tradition, the influence of Communism has also left a mark on their corporate law regimes. These regimes have recently undergone major changes, and the European Commission has declared that they are now largely in conformity with EU standards. As to rules concerning corporate governance in stock companies, European company law still leaves ample scope for national particularities. Central and Eastern European laws concerning stock companies allow for a great variety of different organisational structures, including pure two-tier systems, mixed systems and systems that provide a choice between one-tier and two-tier systems.

Keywords: Corporate Law, Corporate Governance, Comparative Law, European Law

JEL Classification: K22

Suggested Citation

Arlt, Agnes and Bervoets, Cécile and Grechenig, Kristoffel R. and Kalss, Susanne, The Status of the Law on Stock Companies in Central and Eastern-Europe: Facing the Challenge to Enter the European Union and Implement European Company Law (2003). European Business Organization Law Review, Vol. 4, 2003, Available at SSRN: https://ssrn.com/abstract=2404650

Agnes Arlt

Vienna University of Economics and Business

Welthandelsplatz 1
Vienna, Wien 1020
Austria

Cécile Bervoets

Vienna University of Economics and Business

Welthandelsplatz 1
Vienna, Wien 1020
Austria

Kristoffel R. Grechenig (Contact Author)

Max-Planck-Institute for Research on Collective Goods ( email )

Kurt-Schumacher-Str. 10
D-53113 Bonn, 53113
Germany
+49 228 91416-51 (Phone)
+49 228 91416-851 (Fax)

HOME PAGE: http://sites.google.com/site/kristoffelgrechenig

Susanne Kalss

Alpen-Adria-University Klagenfurt ( email )

Universitätsstrasse 65-67
Klagenfurt, Corinthia A-9020
Austria

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