Post by Sapphire Capital on Sept 18, 2008 20:54:58 GMT 4
The European Model Company Law Act Project
Theodor Baums
J.W. Goethe University, Frankfurt/Main; European Corporate Governance Institute (ECGI)
Paul Krüger Andersen
University of Aarhus
March 1, 2008
ECGI - Law Working Paper No. 97/2008
Abstract:
The paper describes the European Model Company Law Project. Last year, a commission was formed on the initiative of the authors with the goal of drafting a European Model Company Law Act (EMCLA). This project aims neither to force a mandatory harmonization of national company law nor to create a further, European corporate form. The goal is rather to draft model rules for a corporation that national legislatures would be free to adopt in whole or in part. Thus, the project is thought as an alternative and supplement to the existing EU instruments for the convergence of company law. The present EU instruments, their prerequisites and limits are being discussed in the paper. Furthermore, the paper describes the US experience with such model acts in the area of company law. It concludes by discussing several topics concerning the content of an EMCLA, introducing the members of the EMCLA Working Group, and explaining the Group's preliminary working plan.
papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID1115737_code393764.pdf?abstractid=1115737&mirid=3
Theodor Baums
J.W. Goethe University, Frankfurt/Main; European Corporate Governance Institute (ECGI)
Paul Krüger Andersen
University of Aarhus
March 1, 2008
ECGI - Law Working Paper No. 97/2008
Abstract:
The paper describes the European Model Company Law Project. Last year, a commission was formed on the initiative of the authors with the goal of drafting a European Model Company Law Act (EMCLA). This project aims neither to force a mandatory harmonization of national company law nor to create a further, European corporate form. The goal is rather to draft model rules for a corporation that national legislatures would be free to adopt in whole or in part. Thus, the project is thought as an alternative and supplement to the existing EU instruments for the convergence of company law. The present EU instruments, their prerequisites and limits are being discussed in the paper. Furthermore, the paper describes the US experience with such model acts in the area of company law. It concludes by discussing several topics concerning the content of an EMCLA, introducing the members of the EMCLA Working Group, and explaining the Group's preliminary working plan.
papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID1115737_code393764.pdf?abstractid=1115737&mirid=3