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 (SE). This Report is part of the review process of the SE Regulation. The Report includes a description of the positive and negative factors, which influence setting up an SE and highlights trends on the distribution of SEs throughout the EU. It also analyses the main problems encountered when setting up and running an SE. An accompanying Commission Staff Working Document supplements the assessment. It takes inventory of SEs and analyses the flexibility of relevant national legislation in the different Member States.
The European Company is a legal instrument based on European Community law that gives companies the option of forming a European Company – known formally by its Latin name of ‘Societas Europeae’ (SE).
An SE can operate on a European-wide basis and be governed by Community law directly applicable in all Member States.
The European Company Statute is established by two pieces of legislation, namely a Regulation (directly applicable in Member States) establishing the company law rules and a Directive (which will have to be implemented in national law in all Member States) on worker involvement.
08.10.2004 – Statute in force, but national delays stop companies using it
08.10.2001 – Commission welcomes formal adoption of the Regulation to establish a European Company Statute (ECS) and of the related Directive