The European Private Company: The Current Situation
By Rolandino Guidotti
The goal of the European Union is not only to harmonize the different national legislations but also to create new company models. These new company models are not intended to replace the national models, but instead to offer a new and free choice to business operators in addition to the national models. It is predictable that among these models will be the European Private Company (Societas Privata Europaea or SPE) regulated by the Proposal for a Council Regulation (presented by the Commission) of 25 June 2008. The other preceding European legal forms have been the European Economic Interest Grouping (EEIG) of 1985, the European Company (SE) of 2001 and the European Cooperative Society (SCE) of 2003.