Commission presents Report on how the European Company Statute works for business
The European Commission has presented a Report to the European Parliament and the Council on the application of the Regulation on the Statute for a European Company (Societas Europaea or SE). The Statute gives companies operating in more than one Member State the option of establishing themselves as a single company under EU law. Roughly 650 companies have been set up as SEs within the EU. The Statute has helped these companies to do business more easily in Europe, but there are issues that remain unaddressed.