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ARTICLE · 09 OCTOBER 2012

Virtually Limitless Mobility

Oppenhoff
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The European Court of Justice (ECJ) has recognised cross-border changes of form which simultaneously preserve an enterprise's identity, and has therewith removed a further barrier against the mobility of enterprises.

European UnionCorporate/Commercial Law
Harald Gesell
Harald Gesell
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European Court of Justice recognises cross-border conversion/directive on relocation of corporate seat nevertheless not obsolete

The European Court of Justice (ECJ) has recognised cross-border changes of form which simultaneously preserve an enterprise's identity, and has therewith removed a further barrier against the mobility of enterprises. From a company law perspective, enterprises now have virtually limitless mobility within the EU and EEA. Cumber-some detours are no longer necessary (judgement dated 11 July 2012 "VALE", case no.: C 378/10, FAZ dated 13 July). With this judgement, the judges have once again pre-empted the European legislator, who has been working on a corresponding directive for some time now. The directive is still needed, however.

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