Proposal to Facilitate the Management of Cross-Border Company Groups in Europe

8 Pages Posted: 31 Dec 2016

See all articles by Pierre-Henri Conac

Pierre-Henri Conac

University of Luxembourg; Max Planck Institute Luxembourg for International, European and Regulatory Procedural Law; European Corporate Governance Institute (ECGI)

Jean Nicolas Druey

Harvard University - Berkman Klein Center for Internet & Society

Peter Forstmoser

University of Zurich

Mathias Habersack

London School of Economics - Law Department; Ludwig Maximilian University of Munich (LMU)

Søren Friis Hansen

Independent

Peter Hommelhoff

Independent

Susanne Kalss

Alpen-Adria-University Klagenfurt

Gerd Krieger

Independent

Marie-Louise Lennarts

University of Groningen - Faculty of Law

Marcus Lutter

Independent

Christoph Teichmann

University of Würzburg

Axel V. Werder

Technical University of Berlin, Department of Organization and General Management

Eddy Wymeersch

Ghent University - Financial Law Institute; ECGI

Date Written: March 30, 2015

Abstract

The reports of various expert groups as well as the Commission’s Action Plan 2012, have acknowledged the need to facilitate the establishment, restructuring and consolidated governance of transnational corporate groups in the Common Market. In this line of thought, the Forum Europaeum on Company Groups has elaborated basic principles for a European approach regarding transnational groups. It takes into account the variety of subsidiaries regarding their size and function and thereby develops a twofold approach: A simple and clear-cut framework for smaller subsidiaries with a purely auxiliary function (“Service Companies”), and a more elaborate system balancing the various stakeholder interests for larger and more independent subsidiaries (“Ordinary Companies”). It is suggested that both systems be introduced by means of an EU directive.

Keywords: Company law, European Company Law, Groups of companies, Group Interest

JEL Classification: K22

Suggested Citation

Conac, Pierre-Henri and Druey, Jean Nicolas and Forstmoser, Peter and Habersack, Mathias and Hansen, Søren Friis and Hommelhoff, Peter and Kalss, Susanne and Krieger, Gerd and Lennarts, Marie-Louise and Lutter, Marcus and Teichmann, Christoph and Werder, Axel v. and Wymeersch, Eddy O., Proposal to Facilitate the Management of Cross-Border Company Groups in Europe (March 30, 2015). European Company and Financial Law Review, ECFR 2015, 299–306, Available at SSRN: https://ssrn.com/abstract=2886365

Pierre-Henri Conac (Contact Author)

University of Luxembourg ( email )

4, rue Alphonse Weicker
Luxembourg-Limpertsberg, L-2721
Luxembourg
00352 46 66 44 68 20 (Phone)
00352 46 66 44 68 11 (Fax)

HOME PAGE: http://wwwen.uni.lu/

Max Planck Institute Luxembourg for International, European and Regulatory Procedural Law ( email )

4, rue Alphonse Weicker
Luxembourg, L-2721
Luxembourg
00352269488600 (Phone)

HOME PAGE: http://https://www.mpi.lu/home/

European Corporate Governance Institute (ECGI)

c/o the Royal Academies of Belgium
Rue Ducale 1 Hertogsstraat
1000 Brussels
Belgium

HOME PAGE: http://http:/www.ecgi.org

Jean Nicolas Druey

Harvard University - Berkman Klein Center for Internet & Society ( email )

Harvard Law School
23 Everett, 2nd Floor
Cambridge, MA 02138
United States

Peter Forstmoser

University of Zurich ( email )

74/27 Ramistrasse
Zurich, Zurich 8001
Switzerland

Mathias Habersack

London School of Economics - Law Department ( email )

Houghton Street
London WC2A 2AE, WC2A 2AE
United Kingdom

Ludwig Maximilian University of Munich (LMU) ( email )

Geschwister-Scholl-Platz 1
Munich, DE Bavaria 80539
Germany

Søren Friis Hansen

Independent ( email )

Peter Hommelhoff

Independent ( email )

Susanne Kalss

Alpen-Adria-University Klagenfurt ( email )

Universitätsstrasse 65-67
Klagenfurt, Corinthia A-9020
Austria

Gerd Krieger

Independent ( email )

Marie-Louise Lennarts

University of Groningen - Faculty of Law ( email )

9700 AS Groningen
Netherlands

Marcus Lutter

Independent ( email )

Christoph Teichmann

University of Würzburg ( email )

Sanderring 2
Würzburg, DE 97070
Germany

Axel v. Werder

Technical University of Berlin, Department of Organization and General Management ( email )

Str. des 17. Juni 135
Sekr. H 73
Berlin, D-10623
Germany
++49/+30/314-22583 (Phone)
++49/+30/314-21609 (Fax)

HOME PAGE: http://www.organisation.tu-berlin.de

Eddy O. Wymeersch

Ghent University - Financial Law Institute ( email )

Universiteitstraat 4
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 )

c/o the Royal Academies of Belgium
Rue Ducale 1 Hertogsstraat
1000 Brussels
Belgium

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