Brussels: 23 March 2010

The European Commission has launched a consultation on the European Company Statute. The consultation opened on the 23rd March 2010 and closes on the 23rd May 2010.

The press release (IP/10/338, Brussels, 23 Mach 2010) titled: Commission launches consultation on how European Company Statute (SE) works states:

“The European Company Statute (SE) gives companies operating in more than one Member State the possibility to reorganise their cross-border business under one European label. This enables them to work within a stable legal framework, reduce the internal costs of operating in several countries and hence be more competitive in the Internal Market. The SE has proved to be very popular in some Member States but it has not taken off in others. In order to determine whether changes are needed to make the SE Statute work better, the European Commission has launched a public consultation. With the review of the SE Statute, the Commission is aiming to increase the use of the SE across the European Union.

Internal Market and Services Commissioner Michel Barnier said: "This is a great opportunity to see how the European Company Statute (SE) is working on the ground, five years on. I believe that the SE can substantially reduce costs for businesses operating across borders. However, it's clear that it has had much more success in some countries than others. I want to find out why and determine whether we need to make improvements to the existing rules. I encourage all interested parties to give us their views."”

Related news topics

Reducing red tape for small firms