Suchergebnisse

published_or_final_version ; Business Administration ; Master ; Master of Business Administration

In Kornhaas, the European Court of Justice (CJEU) held that a German 'wrongful trading' action falls within the scope of the Insolvency Regulation and that its application to companies incorporated in another Member State (in accordance with the Insolvency Regulation) does not infringe the freedomof establishment. The Court expressly distinguished the Kornhaas case from precedents in which it did find a violation of the freedomof establishment. This judgment is reassuring for Member States looking to protect the interests of creditors against the externalities created by companies. Pursuant to the Kornhaas judgment, Member States can be relatively confident that the measures of creditor protection they adopt fall outside the scope of the freedom of establishment, as long as these measures do not directly relate to the company's incorporation. This will be the case for most provisions of insolvency law, given that they necessarily become relevant only after the company has been formed. Moreover, the strength of such provisions is that they apply to all companies having their centre of main interests in the relevant Member State's territory. Seen from that perspective, the CJEU has in Kornhaas endorsed a kind of a real seat theory in insolvency law, the very theory it has unsettled in company law.

In our time is Company Law a remarkably unstable branch of Law. This situation is the outcome of a countless number of important legal reforms in everywhere. In spite of its integration in the realm of Private Law, the profound changes in contemporary Company Law are produced basically by the legislator. Spanish Company Law is a good example of this trend and the last contribution prepared to its modification is included in the preliminary Draft of Commercial Code, passed by the Spanish Government in 2015. The paper deals with the basic features of Draft's Companies regulation and its posible influence for the next evolution of Company Law. ; El Derecho de sociedades se ha convertido en una categoría jurídica inestable como consecuencia de las continuas reformas que experimenta en todos los ordenamientos jurídicos. A pesar de ser una rama del Derecho privado, la contribución más importante a esa modificación proviene del legislador. Así se pone de manifiesto en el Derecho español, donde una de las novedades más significativas en la materia viene constituida por el Anteproyecto de Código Mercantil, aprobado por el Gobierno español en 2015, que contiene una amplia y minuciosa regulación societaria. El trabajo expone los caracteres fundamentales de dicho texto y su posible relieve para la evolución futura del Derecho de sociedades.