The Commission’s 2018 Proposal on Cross-Border Mobility – An Assessment

22 Pages Posted: 19 Oct 2018

See all articles by Paul L. Davies

Paul L. Davies

University of Oxford- Faculty of Law

Susan Emmenegger

University of Bern - School of Law

Eilis Ferran

University of Cambridge - Faculty of Law; European Corporate Governance Institute (ECGI)

Guido Ferrarini

University of Genoa - Law Department and Centre for Law and Finance; European Corporate Governance Institute (ECGI)

Klaus J. Hopt

Max Planck Institute for Comparative and International Private Law; European Corporate Governance Institute (ECGI)

Niamh Moloney

London School of Economics - Law Department; European Corporate Governance Institute (ECGI)

Adam Opalski

University of Warsaw - Faculty of Law and Administration

Alain Pietrancosta

Sorbonne Law School

Markus Roth

University of Marburg - Faculty of Law

Rolf Skog

Göteborg University - Department of Law

Martin Winner

Vienna University of Economics and Business - Department of Business Law

Jaap W. Winter

Vrije Universiteit Amsterdam; University of Amsterdam; Insead

Eddy Wymeersch

Ghent University - Financial Law Institute; ECGI

Date Written: September 27, 2018

Abstract

Currently, the Council of the European Union is negotiating the European Commission’s recent proposal on cross-border mobility. This paper provides an overall assessment based on the proposal’s central pillars: freedom of establishment and protection of the interests of creditors, shareholders, and employees. The proposed directive meets a real necessity for regulation on a European level and pursues an ambitious agenda. While the general approach is excellent, there is room for improvement on some issues of importance.

Keywords: cross-border conversions, cross-border divisions, cross-border mergers

JEL Classification: K22

Suggested Citation

Davies, Paul L. and Emmenegger, Susan and Ferran, Eilis and Ferrarini, Guido and Hopt, Klaus J. and Moloney, Niamh and Opalski, Adam and Pietrancosta, Alain and Roth, Markus and Skog, Rolf R. and Winner, Martin and Winter, Jaap W. and Wymeersch, Eddy O., The Commission’s 2018 Proposal on Cross-Border Mobility – An Assessment (September 27, 2018). European Company and Financial Law Review Forthcoming; Oxford Legal Studies Research Paper No. 25/2018. Available at SSRN: https://ssrn.com/abstract=3257846 or http://dx.doi.org/10.2139/ssrn.3257846

Paul L. Davies

University of Oxford- Faculty of Law ( email )

Harris Manchester College
Oxford, OX1 3TD
United Kingdom

Susan Emmenegger

University of Bern - School of Law ( email )

Schanzeneckstrasse 1
Bern, 3012
Switzerland

Eilis Ferran

University of Cambridge - Faculty of Law ( email )

10 West Road
Cambridge CB3 9DZ
United Kingdom
+ 44 1223 338335 (Phone)
+ 44 1223 338340 (Fax)

European Corporate Governance Institute (ECGI)

c/o ECARES ULB CP 114
B-1050 Brussels
Belgium

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

Guido Ferrarini

University of Genoa - Law Department and Centre for Law and Finance ( email )

Via Balbi, 22
16126 Genova, 16100
Italy
+39 010 209 9894 (Phone)
+39 010 209 9890 (Fax)

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

European Corporate Governance Institute (ECGI)

c/o ECARES ULB CP 114
B-1050 Brussels
Belgium

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

Klaus J. Hopt

Max Planck Institute for Comparative and International Private Law ( email )

Mittelweg 187
D-20148 Hamburg
Germany
+49 40 41 90 02 05 (Phone)
+49 40 41 90 03 02 (Fax)

European Corporate Governance Institute (ECGI)

c/o ECARES ULB CP 114
B-1050 Brussels
Belgium

Niamh Moloney

London School of Economics - Law Department ( email )

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

European Corporate Governance Institute (ECGI)

c/o ECARES ULB CP 114
B-1050 Brussels
Belgium

Adam Opalski

University of Warsaw - Faculty of Law and Administration ( email )

ul. Wybrzeże Kościuszkowskie 47
Warszawa, 00-347
Poland

Alain Pietrancosta

Sorbonne Law School ( email )

17, rue de la Sorbonne
Paris, IL 75005
France

Markus Roth

University of Marburg - Faculty of Law ( email )

Universitaetsstrasse 6
Marburg, D-35037
Germany

Rolf R. Skog

Göteborg University - Department of Law ( email )

Viktoriagatan 30
Box 650
Göteborg, 40530
Sweden
+46 31 7866990 (Phone)

HOME PAGE: www.law.gu.se

Martin Winner (Contact Author)

Vienna University of Economics and Business - Department of Business Law ( email )

Welthandelsplatz 1
Vienna, A-1020
Austria

Jaap W. Winter

Vrije Universiteit Amsterdam ( email )

De Boelelaan 1105
Amsterdam
Netherlands
+31653978419 (Phone)

University of Amsterdam ( email )

Oude Manhuispoort
Amsterdam
Netherlands

Insead ( email )

Boulevard de Constance
77305 Fontainebleau Cedex
France

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 ECARES ULB CP 114
B-1050 Brussels
Belgium

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