Topic 5 - International company law pt.2 Flashcards
What does the European Economic Interest Grouping do?
Facilitates or developed economic activities of its members and increase their results.
What are the 4 ways to form a company?
1) Merger
2) Holding SE
3) Subsidiary SE
4) Transformation
What are the three types of cross-border extraordinary business operations?
1) Mergers
2) Divisions
3) International transfer of seat/conversion
What is a conversion?
A conversion occurs when a company transforms itself into a different law type
e.g. a ltd into a plc
What are the two types of merger?
1) Acquisition
2) Formation of a newco
What should merging companies be?
1) Of limited liability and formed in accordance with the law of a member state
2) At least 2 should be governed by laws of different member states
What is a cross-border conversion?
A transfer of statutory/real seat leading to a change of governing law and company type
What does article 49 of TFEU allow?
The transfer of real seat within the EU