The single-member limited liability company (SUP) a necessary reform of EU law on business organizations?/ by Peter Kindler, Professor of Law at the University of Munich.

München : C.H. Beck ; Oxford, United Kingdom : Hart ; Baden-Baden, Germany : Nomos, 2016.

©2016.

XVIII, 140 pages ; 24 cm

"This book analyses the "societas unius personae" (SUP) proposed by the European Commission (COM[2014] 212). It concludes that the proposal has two serious weaknesses, namely the unsafe proof of the identity of the founder and the insufficient protection of creditors. To these is added, inter alia, the missed parallelism with applicable insolvency law because of the adoption of the registered office as a connecting factor. Furthermore, the SUP is largely unsuitable as a building block for corporate groups due to the non-regulation of the single-member's right to issue instructions and of director's liability. The author does not perceive a need for introducing the SUP in the first place, nonetheless, he suggests several amedments to the wording of the text of the proposal. For a better understanding: an appendix contains the Commission's Proposal of April 2014 and the General Approach adopted by Council of the European Union in May 2015."-- Back cover.

Includes bibliographical references (pages XIII-XVIII) and index.

STA

KJE2520 .K56 2016

English

9783406688874 (C.H. BECK)
340668887X (C.H. BECK)
9783848729678 (Nomos)
3848729679 (Nomos)
9781509907199 (Hart Publishing)
150990719X (Hart Publishing)