Local view for "http://purl.org/linkedpolitics/eu/plenary/2007-10-25-Speech-4-208"
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"en.20071025.28.4-208"2
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"Mr President, let me answer both questions.
In answer to the first, I think it is clear. In answer to the second, concerning the 14th company law directive, we had suggested that a further means of improving mobility might be a directive stipulating the conditions for the transfer of registered offices in the European Union. The results of the economic analysis of the possible added value of a directive were inconclusive; companies already have the legal means to effect cross-border transfer. Several companies have already transferred their registered office using the possibilities offered by the European Company Statute.
Soon, the Cross-Border Mergers Directive, which will enter into force in December, will give all limited liability companies, including SMEs, the option to transfer their registered office. They could do so by setting up a subsidiary in the Member State to which they want to move and then merging the existing company into this subsidiary.
In the Commission’s view, it is only if this framework is found wanting that future legislative action in the shape of a 14th company law directive can be justified. Therefore, Mr McCreevy has decided for the moment not to proceed with this 14th company law directive, but I will certainly communicate your concerns again."@en1
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