(25 April 2018) – Today, the European Commission is proposing new company law rules to make it easier for companies to merge, divide or move within the Single Market.
According to the Commission, the new rules will also ensure that employees’ rights are well protected and tax abuse is prevented. The rules will stimulate the growth potential of European companies by digitalising the process of setting-up and running a business.
Currently, national rules differ greatly between Member States or impose excessive administrative hurdles. This discourages businesses from pursuing new opportunities for fear of too much red tape.
It also means that when companies move, employees’, creditors’, and minority shareholders’ interests are not adequately protected.