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    The European private company: an opportunity from an economic crisis?

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    Authors
    Lewis, Rhidian
    Buzdrev, Aleksandar
    Mortimer, Thomas Richard
    Affiliation
    Anglia Ruskin University
    Canterbury Christchuch University
    Issue Date
    2013-04
    Subjects
    European private company
    Societas Privata Europea Regulatory Competition
    corporate finance
    European Community Forms of Incorporation
    European company law
    
    Metadata
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    Abstract
    The European Commission is undertaking a legal modernisation initiative in order to facilitate small and medium-sized enterprises in unlocking their full potential as active players on the Single Market, being also the backbone of the Union’s economy. The flagship of this initiative is going to be a novel European legal form - the European Private Company (EPC) or as it is known the Societas Privata Europea (SPE). Designed as an instrument to do business in the Single Market the SPE aims to be transparent, flexible and offer a strong label everywhere. As with the Societas Europea, there are certain gaps in the SPE Statute, which prompt for the application of national laws. This could result in 27 different SPE forms in the EU, which leads to financial implications regarding the formation and day-to-day operations of the company. A detailed exploration of the corporate finance issues is followed by plausible solutions based on corporate governance theories.
    Citation
    Lewis, R., Buzdrev, A., Mortimer, T.R. (2013) 'The European Private Company: An Opportunity from an Economic Crisis?' International Journal of Humanities and Social Science 3 (8) 106-113
    Publisher
    Center for Promoting Ideas
    Journal
    International Journal of Humanities and Social Science
    URI
    http://hdl.handle.net/10547/594471
    Additional Links
    http://www.ijhssnet.com/journal/index/1765
    Type
    Article
    Language
    en
    ISSN
    2220-8488
    EISSN
    2221-0989
    Collections
    Centre for Research in Law (CRiL)
    Law
    Law

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