European Company – characteristics and current amendments of the legislative

Abstract

Modern market economy could not function properly without trading companies, that are considered as one of its most effective and important instruments. Business opportunities for individual subjects were broadened magnificently after the Slovak republic entered the European Union. Free movement of capital followed by free movement of goods and persons were supposed to be ensured as primary functions of the EU by the creation of new trading companies, among which the European economic interest grouping, the European Cooperative Company and the European Company (lat. Societas Europaea, abbr. SE) can be listed. These European legal forms of business are modified by the EU regulations, but the member states are bound to amend them with regards to mutual inter-connection of their legislations. From the various types of trading companies listed above, the European Company has established itself the best, because it provides new business opportunities, but at the same time creates space for a spectrum of speculative transactions. The main goal of both international and national legislative is to eliminate these transactions and their results, but the adopted measures of laws apply also to such subjects, that implement all these activities in line with proper ethical principles.