By Paul M. Storm (auth.), Maarten J. Ellis, Paul M. Storm (eds.)
This ebook is meant to function a consultant to businessmen and their advisers, both from outdoor the typical marketplace or from inside of, who search easy details on questions in 3 major fields: corporation legislation and similar criminal issues, taxation, and labour legislation. in the event you desire to determine an input prise or shape a protecting or financing corporation in a single of the Member States of the typical marketplace (including Greece, after all) or Switzerland this consultant deals a special chance to check stipulations within the a number of international locations within the 3 fields. this can be facilitated by means of the stern adherence to at least one structure for every nationwide bankruptcy. people who are already found in a number of of the 11 nations will discover a worldwide solution to a couple of sensible questions which can come up. For certain solutions the neighborhood legal professional or different advisor continues to be imperative. The structure is predicated on diverse ways the international investor may perhaps take: both he 'goes it alone', in terms of constructing a department, establishing a subsidiary or taking up an latest corporation, or he joins forces with one other investor from in the host nation or from outdoor. within the latter occasion there are various felony kinds (jointly owned corporation, partnership, and so forth. ) that could be used.
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Additional resources for Business Law in Europe: Legal, tax and labour aspects of business operations in the ten European Community countries and Switzerland
34. The proposals of the Commission also covered the 'division' (in French scission) of a company. This is the operation whereby a company is wound up without going into liquidation, and transfers all its assets and liabilities to several companies in exchange for the issue to its shareholders of shares in the acquiring companies (which may also be newly formed). Again the cash payment may not exceed 10% of the par value of the shares issued. This subjectmatter has not been included in the final text of the Directive and will now probably be dealt with by a separate Directive which will only have to be applied in those Member States which allow for such a division.
But the Member States may provide that a simple majority is sufficient if at least half of the subscribed capital is represented. 15. Germany seemed to be in time with its Act of 13-12-'78 (Bundesgesetzblatt 1978 I, 1959), but the Act did not come into effect until 1st July 1979. The parts of the Companies Act 1980 (1-5-'80) by which the Second Directive was implemented in the United Kingdom came into effect on 22-12-'80. In The Netherlands, the Act of 15-5-'81 was brought into force on 1-9-'81.
But in January 1982 about 153,000 ECU; perhaps Italy anticipated inflation. 18 B. The Directives A. THE FIRST DIRECTIVE 15. The First Directive 7 , dated 9th March 19688 , covers three areas of the law on public and private companies and on partnerships limited by shares: disclosure; validity in law of the engagements entered into by a company; and nullity of the company. 16. g. identity of (Managing and Supervisory) Directors, annual accounts, transfer of registered office, dissolution. As far as private companies are concerned, however, compulsory disclosure of the annual accounts was postponed until the date of implementation of the Fourth Directive (see below, sub D).
Business Law in Europe: Legal, tax and labour aspects of business operations in the ten European Community countries and Switzerland by Paul M. Storm (auth.), Maarten J. Ellis, Paul M. Storm (eds.)