A New Start for the European Private Company: The Draft Statute for a “Société Européenne Simplifiée” (SES)

Dirk A. Verse
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Abstract

Abstract 654 In February 2021, an international group of experts under the auspices of the French lawyers’ association Henri Capitant published a draft statute for a “European Simplified Company” (Société Européenne Simplifiée, SES). The draft intends no less than to revive the idea of a European Private Company (SPE), albeit in a modified manner. Unlike the SPE proposal, the SES initiative does not exclusively aim at adopting an EU regulation under Art. 352 TFEU that requires the consent of all 27 Member States. Instead, it is open for alternatives to EU-wide regulation, be it by way of enhanced cooperation under Art. 20 TEU or an international treaty between the interested Member States. In June 2021, the SES initiative gained the support of the Franco-German Parliamentary Assembly calling on the French and German governments to intensify their efforts in working towards a supra-national private company on the basis of the SES proposal.It is against this background that the present article seeks to analyse the objectives and main features of the Draft SES Statute. In the author’s view, the SES initiative should be welcomed as it seeks to fill an evident gap in the existing EU company law framework. The paper concludes that, despite several concerns that still need to be addressed, the Association Henri Capitant’s Draft SES Statute provides a solid and suitable basis for the consultations to come. 655
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欧洲私营公司的新开端:简化欧洲公司(SES)章程草案
摘要654 2021年2月,在法国律师协会Henri Capitant的主持下,一个国际专家小组发布了一份“欧洲简化公司”(SociétéEuropéenne Simplifiedée,SES)的法规草案。该草案旨在重振欧洲私营公司(SPE)的理念,尽管方式有所修改。与SPE提案不同,SES倡议并不完全旨在根据TFEU第352条通过一项需要所有27个成员国同意的欧盟法规。相反,它对欧盟范围内的监管的替代方案持开放态度,无论是通过加强《标准箱公约》第20条下的合作,还是通过感兴趣的成员国之间的国际条约。2021年6月,SES倡议获得了法德议会的支持,呼吁法国和德国政府加强努力,在SES提案的基础上建立一家超国家私营公司。正是在这种背景下,本条试图分析SES规约草案的目标和主要特点。在作者看来,SES倡议应该受到欢迎,因为它试图填补现有欧盟公司法框架中的一个明显空白。该文件的结论是,尽管仍有一些问题需要解决,但亨利·卡皮坦协会的SES章程草案为即将进行的磋商提供了坚实和适当的基础。655
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来源期刊
CiteScore
1.00
自引率
16.70%
发文量
13
期刊介绍: In legislation and in case law, European law has become a steadily more dominant factor in determining national European company laws. The “European Company”, the forthcoming “European Private Company” as well as the Regulation on the Application of International Financial Reporting Standards (“IFRS Regulation”) have accelerated this development even more. The discussion, however, is still mired in individual nations. This is true for the academic field and – even still – for many practitioners. The journal intends to overcome this handicap by sparking a debate across Europe on drafting and application of European company law. It integrates the European company law component previously published as part of the Zeitschrift für Unternehmens- und Gesellschaftsrecht (ZGR), on of the leading German law reviews specialized in the field of company and capital market law. It aims at universities, law makers on both the European and national levels, courts, lawyers, banks and other financial service institutions, in house counsels, accountants and notaries who draft or work with European company law. The journal focuses on all areas of European company law and the financing of companies and business entities. This includes the law of capital markets as well as the law of accounting and auditing and company law related issues of insolvency law. Finally it serves as a platform for the discussion of theoretical questions such as the economic analysis of company law. It consists of articles and case notes on both decisions of the European courts as well as of national courts insofar as they have implications on European company law.
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