The European Private Company: the current situation

The paper discusses the development of the European Private Company (Societas Privata Europaea: “S.P.E.”) rules and speaks about the current situation of the Proposal of 25 June 2008 for a Council Regulation (presented by the Commission). After presenting a brief history of the S.P.E., the article discusses about the principal points on the Regulation of this new kind of company. The positive and negative aspects of this issue are analyzed. These elements include: the seat of the company and the cross-border component; the governing rules; the formation and the capital; the shares; the resolution of shareholders; the directors; and the employee participation.