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2006/2013(INL) The European private company statute

Progress: Procedure completed

RoleCommitteeRapporteurShadows
Lead JURI LEHNE Klaus-Heiner (icon: PPE-DE PPE-DE)
Committee Opinion EMPL
Lead committee dossier:
Legal Basis:
RoP 47

Events

2007/04/10
   EC - Commission response to text adopted in plenary
Documents
SP(2007)1426
2007/02/27
   EC - Commission response to text adopted in plenary
Documents
SP(2007)1016-2
2007/02/01
   EP - Results of vote in Parliament
Documents
Results of vote in Parliament
2007/02/01
   EP - Debate in Parliament
Documents
Debate in Parliament
2007/02/01
   EP - Decision by Parliament
Details

The European Parliament adopted a resolution based on the own-initiative report drawn up by Klaus-Heiner LEHNE (EPP-ED, DE) containing recommendations to the Commission on the European private company statute. (Please see the summary dated 21/11/2006.) Parliament added a recital stating that the relevant acquis communautaire providing for cross-border information, consultation and participation rights of employees as well as safeguarding pre-existing employee participation rights (Directives 94/45/EC and 2005/56/EC) should be fully preserved. Consequently the conversion of a company with employee co-determination, information and consultation rights into an EPC should not result in the loss of those existing rights.

Documents
T6-0023/2007
2007/02/01
   EP - End of procedure in Parliament
2006/11/29
   EP - Committee report tabled for plenary, single reading
Documents
A6-0434/2006
2006/11/29
   EP - Committee report tabled for plenary
Documents
A6-0434/2006
2006/11/21
   EP - Vote in committee
Details

The committee adopted the own-initiative report by Klaus-Heiner LEHNE (EPP-ED, DE) containing recommendations to the Commission on the European private company statute. The existing European Company (SE) statute is designed for large limited companies, but the committee wanted the Commission to draft a European Private Company (EPC) statute to help Europe's small and medium-sized enterprises (SMEs) to do business across borders.

The report was adopted under a special procedure provided for in Article 192 of the EC Treaty allowing Parliament to make a formal request to the Commission to come forward with a legislative proposal.

The report set out a number of detailed recommendations:

- an EPC statute should be based, as far as possible, on EU legislation, and thus dispense with references to national laws. The company law provisions of the European Company regulation should therefore apply exclusively, and the areas of law regulated in the proposal should be withdrawn from the jurisdiction of the Member States;

- it should be possible for an EPC to be established ex nihilo , or on the basis of an existing company, or following a merger between companies or in the context of a common subsidiary. It should also be possible to transform a European Private Company into a European Company;

- the EPC statute should apply to companies with a minimum capital of EUR 10 000 or the equivalent in another country at the time of registration. The minimum capital which determines the liability of members would not necessarily have to be paid in;

- the annexes to the proposed regulation should contain: (a) model articles of association which members may adopt wholly or in part; (b) for every Member State, the types of company with which the EPC is equated in respect of areas not covered by the regulation; (c) the designations of the company bodies in the various official languages of the EU;

- the EPC should be subject to the harmonised accounting provisions (as contained in Directives 78/660/EEC and 83/349/EEC) which apply in each Member State to the equivalent type of company;

- an EPC must be able to merge, change its registered office, split and change into a European joint stock company, as far as possible according to Community law which has been harmonised. It must also be possible for national companies to convert into EPCs, with existing employee rights being maintained; this also applies to the re-conversion of an EPC into a national legal form.

The recommendations also included provisions on the organisation of the EPC, the liability of executive directors to the company and insolvency procedures.

2006/10/24
   EP - Amendments tabled in committee
Documents
PE380.659
2006/09/15
   EP - Committee draft report
Documents
PE378.635
2006/01/19
   EP - Committee referral announced in Parliament
2005/12/12
   EP - LEHNE Klaus-Heiner (PPE-DE) appointed as rapporteur in JURI

Documents

History

(these mark the time of scraping, not the official date of the change)

2023-08-03Show (2) Changes | Timetravel
docs/3/docs/0/url
/oeil/spdoc.do?i=13021&j=0&l=en
docs/4/docs/0/url
Old
/oeil/spdoc.do?i=13021&j=0&l=en
New
/oeil/spdoc.do?i=13021&j=1&l=en
2021-12-18Show (13) Changes | Timetravel
docs/0/docs/0/url
Old
http://www.europarl.europa.eu/sides/getDoc.do?type=COMPARL&mode=XML&language=EN&reference=PE378.635
New
https://www.europarl.europa.eu/doceo/document/EN&reference=PE378.635
docs/1/docs/0/url
Old
http://www.europarl.europa.eu/sides/getDoc.do?type=COMPARL&mode=XML&language=EN&reference=PE380.659
New
https://www.europarl.europa.eu/doceo/document/EN&reference=PE380.659
docs/2/docs/0/url
Old
http://www.europarl.europa.eu/doceo/document/A-6-2006-0434_EN.html
New
https://www.europarl.europa.eu/doceo/document/A-6-2006-0434_EN.html
docs/3/docs/0/url
/oeil/spdoc.do?i=13021&j=1&l=en
events/0/type
Old
Committee referral announced in Parliament, 1st reading/single reading
New
Committee referral announced in Parliament
events/1/type
Old
Vote in committee, 1st reading/single reading
New
Vote in committee
events/2
date
2006-11-29T00:00:00
type
Committee report tabled for plenary
body
EP
docs
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events/2
date
2006-11-29T00:00:00
type
Committee report tabled for plenary, single reading
body
EP
docs
url: http://www.europarl.europa.eu/doceo/document/A-6-2006-0434_EN.html title: A6-0434/2006
events/4/docs/0/url
Old
http://www.europarl.europa.eu/sides/getDoc.do?secondRef=TOC&language=EN&reference=20070201&type=CRE
New
https://www.europarl.europa.eu/doceo/document/EN&reference=20070201&type=CRE
events/5
date
2007-02-01T00:00:00
type
Decision by Parliament
body
EP
docs
url: https://www.europarl.europa.eu/doceo/document/TA-6-2007-0023_EN.html title: T6-0023/2007
summary
The European Parliament adopted a resolution based on the own-initiative report drawn up by Klaus-Heiner LEHNE (EPP-ED, DE) containing recommendations to the Commission on the European private company statute. (Please see the summary dated 21/11/2006.) Parliament added a recital stating that the relevant acquis communautaire providing for cross-border information, consultation and participation rights of employees as well as safeguarding pre-existing employee participation rights (Directives 94/45/EC and 2005/56/EC) should be fully preserved. Consequently the conversion of a company with employee co-determination, information and consultation rights into an EPC should not result in the loss of those existing rights.
events/5
date
2007-02-01T00:00:00
type
Decision by Parliament, 1st reading/single reading
body
EP
docs
url: http://www.europarl.europa.eu/doceo/document/TA-6-2007-0023_EN.html title: T6-0023/2007
summary
The European Parliament adopted a resolution based on the own-initiative report drawn up by Klaus-Heiner LEHNE (EPP-ED, DE) containing recommendations to the Commission on the European private company statute. (Please see the summary dated 21/11/2006.) Parliament added a recital stating that the relevant acquis communautaire providing for cross-border information, consultation and participation rights of employees as well as safeguarding pre-existing employee participation rights (Directives 94/45/EC and 2005/56/EC) should be fully preserved. Consequently the conversion of a company with employee co-determination, information and consultation rights into an EPC should not result in the loss of those existing rights.
procedure/legal_basis/0
Rules of Procedure EP 47
procedure/legal_basis/0
Rules of Procedure EP 046
2020-01-19Show (7) Changes | Timetravel
committees/0
type
Responsible Committee
body
EP
associated
False
committee_full
Legal Affairs
committee
JURI
rapporteur
name: LEHNE Klaus-Heiner date: 2005-12-12T00:00:00 group: European People's Party (Christian Democrats) and European Democrats abbr: PPE-DE
committees/0
type
Responsible Committee
body
EP
associated
False
committee_full
Legal Affairs
committee
JURI
date
2005-12-12T00:00:00
rapporteur
name: LEHNE Klaus-Heiner group: European People's Party (Christian Democrats) and European Democrats abbr: PPE-DE
docs/2/docs/0/url
Old
http://www.europarl.europa.eu/sides/getDoc.do?type=REPORT&mode=XML&reference=A6-2006-434&language=EN
New
http://www.europarl.europa.eu/doceo/document/A-6-2006-0434_EN.html
docs/3/body
EC
docs/4/body
EC
events/2/docs/0/url
Old
http://www.europarl.europa.eu/sides/getDoc.do?type=REPORT&mode=XML&reference=A6-2006-434&language=EN
New
http://www.europarl.europa.eu/doceo/document/A-6-2006-0434_EN.html
events/5/docs/0/url
Old
http://www.europarl.europa.eu/sides/getDoc.do?type=TA&language=EN&reference=P6-TA-2007-23
New
http://www.europarl.europa.eu/doceo/document/TA-6-2007-0023_EN.html
2019-07-06Show (14) Changes | Timetravel
activities
  • date: 2006-01-19T00:00:00 body: EP type: Committee referral announced in Parliament, 1st reading/single reading committees: body: EP responsible: False committee_full: Employment and Social Affairs committee: EMPL body: EP responsible: True committee: JURI date: 2005-12-12T00:00:00 committee_full: Legal Affairs rapporteur: group: PPE-DE name: LEHNE Klaus-Heiner
  • date: 2006-11-21T00:00:00 body: EP committees: body: EP responsible: False committee_full: Employment and Social Affairs committee: EMPL body: EP responsible: True committee: JURI date: 2005-12-12T00:00:00 committee_full: Legal Affairs rapporteur: group: PPE-DE name: LEHNE Klaus-Heiner type: Vote in committee, 1st reading/single reading
  • date: 2006-11-29T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=REPORT&mode=XML&reference=A6-2006-434&language=EN type: Committee report tabled for plenary, single reading title: A6-0434/2006 body: EP type: Committee report tabled for plenary, single reading
  • date: 2007-02-01T00:00:00 docs: url: http://www.europarl.europa.eu/oeil/popups/sda.do?id=13021&l=en type: Results of vote in Parliament title: Results of vote in Parliament url: http://www.europarl.europa.eu/sides/getDoc.do?secondRef=TOC&language=EN&reference=20070201&type=CRE type: Debate in Parliament title: Debate in Parliament url: http://www.europarl.europa.eu/sides/getDoc.do?type=TA&language=EN&reference=P6-TA-2007-23 type: Decision by Parliament, 1st reading/single reading title: T6-0023/2007 body: EP type: Results of vote in Parliament
commission
  • body: EC dg: Financial Stability, Financial Services and Capital Markets Union commissioner: MCCREEVY Charlie
committees/0
type
Responsible Committee
body
EP
associated
False
committee_full
Legal Affairs
committee
JURI
date
2005-12-12T00:00:00
rapporteur
name: LEHNE Klaus-Heiner group: European People's Party (Christian Democrats) and European Democrats abbr: PPE-DE
committees/0
body
EP
responsible
False
committee_full
Employment and Social Affairs
committee
EMPL
committees/1
type
Committee Opinion
body
EP
associated
False
committee_full
Employment and Social Affairs
committee
EMPL
opinion
False
committees/1
body
EP
responsible
True
committee
JURI
date
2005-12-12T00:00:00
committee_full
Legal Affairs
rapporteur
group: PPE-DE name: LEHNE Klaus-Heiner
docs
  • date: 2006-09-15T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=COMPARL&mode=XML&language=EN&reference=PE378.635 title: PE378.635 type: Committee draft report body: EP
  • date: 2006-10-24T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=COMPARL&mode=XML&language=EN&reference=PE380.659 title: PE380.659 type: Amendments tabled in committee body: EP
  • date: 2006-11-29T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=REPORT&mode=XML&reference=A6-2006-434&language=EN title: A6-0434/2006 type: Committee report tabled for plenary, single reading body: EP
  • date: 2007-02-27T00:00:00 docs: url: /oeil/spdoc.do?i=13021&j=1&l=en title: SP(2007)1016-2 type: Commission response to text adopted in plenary
  • date: 2007-04-10T00:00:00 docs: url: /oeil/spdoc.do?i=13021&j=0&l=en title: SP(2007)1426 type: Commission response to text adopted in plenary
events
  • date: 2006-01-19T00:00:00 type: Committee referral announced in Parliament, 1st reading/single reading body: EP
  • date: 2006-11-21T00:00:00 type: Vote in committee, 1st reading/single reading body: EP summary: The committee adopted the own-initiative report by Klaus-Heiner LEHNE (EPP-ED, DE) containing recommendations to the Commission on the European private company statute. The existing European Company (SE) statute is designed for large limited companies, but the committee wanted the Commission to draft a European Private Company (EPC) statute to help Europe's small and medium-sized enterprises (SMEs) to do business across borders. The report was adopted under a special procedure provided for in Article 192 of the EC Treaty allowing Parliament to make a formal request to the Commission to come forward with a legislative proposal. The report set out a number of detailed recommendations: - an EPC statute should be based, as far as possible, on EU legislation, and thus dispense with references to national laws. The company law provisions of the European Company regulation should therefore apply exclusively, and the areas of law regulated in the proposal should be withdrawn from the jurisdiction of the Member States; - it should be possible for an EPC to be established ex nihilo , or on the basis of an existing company, or following a merger between companies or in the context of a common subsidiary. It should also be possible to transform a European Private Company into a European Company; - the EPC statute should apply to companies with a minimum capital of EUR 10 000 or the equivalent in another country at the time of registration. The minimum capital which determines the liability of members would not necessarily have to be paid in; - the annexes to the proposed regulation should contain: (a) model articles of association which members may adopt wholly or in part; (b) for every Member State, the types of company with which the EPC is equated in respect of areas not covered by the regulation; (c) the designations of the company bodies in the various official languages of the EU; - the EPC should be subject to the harmonised accounting provisions (as contained in Directives 78/660/EEC and 83/349/EEC) which apply in each Member State to the equivalent type of company; - an EPC must be able to merge, change its registered office, split and change into a European joint stock company, as far as possible according to Community law which has been harmonised. It must also be possible for national companies to convert into EPCs, with existing employee rights being maintained; this also applies to the re-conversion of an EPC into a national legal form. The recommendations also included provisions on the organisation of the EPC, the liability of executive directors to the company and insolvency procedures.
  • date: 2006-11-29T00:00:00 type: Committee report tabled for plenary, single reading body: EP docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=REPORT&mode=XML&reference=A6-2006-434&language=EN title: A6-0434/2006
  • date: 2007-02-01T00:00:00 type: Results of vote in Parliament body: EP docs: url: https://oeil.secure.europarl.europa.eu/oeil/popups/sda.do?id=13021&l=en title: Results of vote in Parliament
  • date: 2007-02-01T00:00:00 type: Debate in Parliament body: EP docs: url: http://www.europarl.europa.eu/sides/getDoc.do?secondRef=TOC&language=EN&reference=20070201&type=CRE title: Debate in Parliament
  • date: 2007-02-01T00:00:00 type: Decision by Parliament, 1st reading/single reading body: EP docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=TA&language=EN&reference=P6-TA-2007-23 title: T6-0023/2007 summary: The European Parliament adopted a resolution based on the own-initiative report drawn up by Klaus-Heiner LEHNE (EPP-ED, DE) containing recommendations to the Commission on the European private company statute. (Please see the summary dated 21/11/2006.) Parliament added a recital stating that the relevant acquis communautaire providing for cross-border information, consultation and participation rights of employees as well as safeguarding pre-existing employee participation rights (Directives 94/45/EC and 2005/56/EC) should be fully preserved. Consequently the conversion of a company with employee co-determination, information and consultation rights into an EPC should not result in the loss of those existing rights.
  • date: 2007-02-01T00:00:00 type: End of procedure in Parliament body: EP
links
other
  • body: EC dg: url: http://ec.europa.eu/dgs/internal_market/ title: Internal Market and Services commissioner: MCCREEVY Charlie
procedure/dossier_of_the_committee
Old
JURI/6/33022
New
  • JURI/6/33022
procedure/legal_basis/0
Rules of Procedure EP 046
procedure/legal_basis/0
Rules of Procedure of the European Parliament EP 046
procedure/subject
Old
  • 3.45.01 Company law
New
3.45.01
Company law
2014-11-10Show (5) Changes
activities
  • date: 2006-01-19T00:00:00 body: EP type: Committee referral announced in Parliament, 1st reading/single reading committees: body: EP responsible: False committee_full: Employment and Social Affairs committee: EMPL body: EP responsible: True committee: JURI date: 2005-12-12T00:00:00 committee_full: Legal Affairs rapporteur: group: PPE-DE name: LEHNE Klaus-Heiner
  • date: 2006-11-21T00:00:00 body: EP committees: body: EP responsible: False committee_full: Employment and Social Affairs committee: EMPL body: EP responsible: True committee: JURI date: 2005-12-12T00:00:00 committee_full: Legal Affairs rapporteur: group: PPE-DE name: LEHNE Klaus-Heiner type: Vote in committee, 1st reading/single reading
  • date: 2006-11-29T00:00:00 docs: url: http://www.europarl.europa.eu/sides/getDoc.do?type=REPORT&mode=XML&reference=A6-2006-434&language=EN type: Committee report tabled for plenary, single reading title: A6-0434/2006 body: EP type: Committee report tabled for plenary, single reading
  • date: 2007-02-01T00:00:00 docs: url: http://www.europarl.europa.eu/oeil/popups/sda.do?id=13021&l=en type: Results of vote in Parliament title: Results of vote in Parliament url: http://www.europarl.europa.eu/sides/getDoc.do?secondRef=TOC&language=EN&reference=20070201&type=CRE type: Debate in Parliament title: Debate in Parliament url: http://www.europarl.europa.eu/sides/getDoc.do?type=TA&language=EN&reference=P6-TA-2007-23 type: Decision by Parliament, 1st reading/single reading title: T6-0023/2007 body: EP type: Results of vote in Parliament
committees
  • body: EP responsible: False committee_full: Employment and Social Affairs committee: EMPL
  • body: EP responsible: True committee: JURI date: 2005-12-12T00:00:00 committee_full: Legal Affairs rapporteur: group: PPE-DE name: LEHNE Klaus-Heiner
links
other
  • body: EC dg: url: http://ec.europa.eu/dgs/internal_market/ title: Internal Market and Services commissioner: MCCREEVY Charlie
procedure
dossier_of_the_committee
JURI/6/33022
reference
2006/2013(INL)
title
The European private company statute
legal_basis
Rules of Procedure of the European Parliament EP 046
stage_reached
Procedure completed
subtype
Request for legislative proposal
type
INL - Legislative initiative procedure
subject
3.45.01 Company law
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