Business Impact of the Imprecise Implementation of European Directives on Cross-Border Companies Restructurings

Beaneta Vasileva
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Beaneta Vasileva: Technical University of Varna

A chapter in Eurasian Business Perspectives, 2019, pp 69-84 from Springer

Abstract: Abstract The paper studies the business and economic impact on the application of Directive 2005/56 of the European Parliament and the Council of the European Union (EU), which gives access to limited liability companies to cross-border restructuring and mobility in the European Single Market. More than a decade after the implementation of the Directive the differences in the national legislations still does not guarantee equal access to the companies. The paper studies the conflict of law rules in the national laws which affects the interests of creditors and illustrates the impossibility for the protection of their economic interest. The paper suggests a number of solutions for improvement of the existing legal framework.

Keywords: Cross-border restructuring; European single market; Creditor protection; Conflict of laws (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:spr:eurchp:978-3-030-18652-4_6

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DOI: 10.1007/978-3-030-18652-4_6

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