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Download Business law and practice. [2011/2012] by Alexis Mavrikakis; College of Law (England and Wales); et al PDF

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By Alexis Mavrikakis; College of Law (England and Wales); et al

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5 above). 12 European economic interest grouping European economic interest groupings (EEIGs) are designed to enable businesses (or other entities such as universities) to form and maintain links with businesses from other EU Member States. In effect they are alliances between businesses in different Member States that wish to operate together across national borders. The aim of an EEIG is to facilitate the economic activities of its members. It is therefore intended to be an alternative to other types of pan-European co-operation such as a joint venture, or a merger or takeover (where one company buys another).

Uk>. 3 European public company A European public company may be formed in any European Economic Area (EEA) Member State (the 27 EU Member States plus Iceland, Liechtenstein and Norway) in accordance with EU Regulation 2157/2001 on the Statute for a European Company. These companies are known as Societas Europaea (SE). The European Company Statute establishes the first panEuropean company structure. A single company, or a group of companies, operating in different EU Member States is now able to operate as a single corporate entity subject to one set of rules valid in all Member States.

Under s 157 of the CA 2006, a person aged under 16 cannot usually be a director of a company; neither can an undischarged bankrupt or a person who has been disqualified as a director under the Company Directors Disqualification Act 1986 (CDDA 1986). If any of these restrictions applies then of course the limited company is not an option, but the presence of such The Different Types of Business 17 individuals would make it very difficult to establish a business of any type, not least because they are unlikely to appeal to possible co-owners of a business and due to the difficulties that such individuals would face persuading investors or banks to provide finance.

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