Local view for "http://purl.org/linkedpolitics/eu/plenary/2007-02-01-Speech-4-017"
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"en.20070201.3.4-017"2
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"Madam President, I should like to begin by thanking Mr Lehne, the rapporteur, for all the work he has undertaken on a matter which is of such vital importance to the future of European integration and the development of economic cooperation within the framework of the internal market. The current situation regarding the internal market is that we already have a European Company. It is intended for large capital-based companies. A legal form which will also make it easier for small and medium-sized enterprises to conduct cross-border business is therefore essential.
It is important to bear in mind that SMEs are the main driving force behind the European economy and the main source of employment for Union citizens. That is why further efforts should be made to enhance the economic activities undertaken by these companies. However, the new legal solutions we are proposing to our entrepreneurs do call for detailed consideration. We should learn from the experience gained when introducing the legal form for the European Company on to the common market. That statute took a long time to draw up and was the result of a compromise. In fact, the final compromise has not proved entirely satisfactory. We should therefore learn from our mistakes, as Mrs Handzlik suggested earlier.
As far as is possible, the European Private Company Statute should be a uniform European legal form. It must provide for the simplification of the principles of establishment and organisation. It will be important to retain a balance between protecting creditors, a flexible company structure, and ensuring the security of business transactions. In the interests of protecting the flexibility of such undertakings, provision must be made for ensuring ease of transformations such as mergers or changing the registered office. Therefore, there is every justification for the European Parliament’s initiative containing recommendations to the Commission on the European Private Company Statute."@en1
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