Publication details
European Model Companies Act (NORDIC & EUROPEAN COMPANY LAW)
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| Year of publication | 2017 |
| Type | Monograph |
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| Description | European Model Companies Act is designed as a free-standing general company statute that can be enacted by Member States either substantially in its entirety or by the adoption of selected provisions. The EMCA offers the Member States a harmonized company law, but leaves it to each Member State to decide whether it will offer its businesses the advantages given by harmonization. The major benefit from an integrated company law framework is that it establishes similar conditions for company shareholders and third parties all over the EU, thus facilitating cross-border investment and trading by ensuring shareholder rights and rebuilding investor confidence. The EMCA is not a mandatory harmonization instrument, as Member States are not bound to follow the Model Act. Thus the EMCA can promote regulatory competition, but can also act as a tool for a harmonization of, and convergence between, Member States’ company laws. |