FUNDATIO EUROPAEA: GENERAL PROVISIONS OF THE PROJECT
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Published:
Dec 3, 2021
Abstract
The Proposal for the Council Regulation on the Statute for a European Foundation was presented on 8 February 2012. The Proposal aims to establish a European Foundation Statute and becomes the answer to the “Single Market Act” call for action to remove the obstacles that foundations face in operating on a cross-border basis and, therefore, to promote their development in the EU. The article deals with the preconditions for the creation of European Foundation. The paper consistently examines the sources of legal regulation and ways of foundation of a European Foundation, addresses the general provisions of the Proposal for the Regulation, as well as the advantages of the European Foundation, which defi ne the effectiveness of their activities. The article analyses the development of the project and explains the reasons of substantial controversies on key matters, which predetermined the withdrawal of the proposal. The paper also presents the conclusions and suggestions.
How to Cite
Reingold, V., & Dolotov, V. (2021). FUNDATIO EUROPAEA: GENERAL PROVISIONS OF THE PROJECT. Baltic Journal of Legal and Social Sciences, (4), 4-14. Retrieved from http://www.baltijapublishing.lv/index.php/bjlss/article/view/1448
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Keywords
European Foundation, EU law, Regulation, supranational character, Proposal for a Council Regulation on the Statute for a European Foundation, public benefi t purpose entities
References
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2. Anheier H., Ebke W., Hopt K.J., Reimer E., Then V., Vahlpahl T., von Hippel T. Feasibility Study on a European Foundation Statute: Final Report // Centre for Social Investment at the University of Heidelberg; Max Planck Institute for Comparative and International Private Law, 2009
3. Hopt K.J., Walz W.R., von Hippel T., Then V. The European Foundation: A New Legal Approach // Cambridge University Press, 2006
4. Communication from the Commission to the Council and the European Parliament - Modernising Company Law and Enhancing Corporate Governance in the European Union - A Plan to Move Forward (COM/2003/0284 fi nal) // [Internet resource; Retrieved 01.12.2015.] www.eur-lex.europa.eu/legal-content/EN/ALL/?uri=CELEX:52003DC0284
5. Report of the High Level Group of Company Law Experts on a Modern Regulatory Framework for Company Law in Europe // [Internet resource; Retrieved 01.12.2015.] www.ec.europa.eu/internal_market/company/docs/modern/report_en.pdf
6. Consultation and hearing on future priorities for the Action Plan on Modernising Company Law and Enhancing Corporate Governance in the European Union / Summary report // [Internet resource; Retrieved 01.12.2015.] www.ec.europa.eu/internal_market/company/docs/consultation/fi nal_report_en.pdf
7. Communication from the Commission to the European Parliament, the Council, the European Economic and Social Committee and the Committee of the Regions Social Business Initiative. Creating a favourable climate for social enterprises, key stakeholders in the social economy and innovation (COM/2011/0682 fi nal) // [Internet resource; Retrieved 01.12.2015.] www.ec.europa.eu/internal_market/social_business/docs/COM2011_682_en.pdf
8. Proposal for a Council Regulation on the Statute for a European Foundation (FE) (COM/2012/035 fi nal - 2012/0022 (APP)) // [Internet resource; Retrieved 01.12.2015.] www.eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:52012PC0035&qid=1448836876909&from=EN
9. Cremers J., Stollt M., Vitols S. A decade of experience with the European Company // Brussels: European Trade Union Institute, 2013
10. First Council Directive 68/151/EEC of 9 March 1968 on co-ordination of safeguards which, for the protection of the interests of members and others, are required by Member States of companies within the meaning of the second paragraph of Article 58 of the Treaty, with a view to making such safeguards equivalent throughout the Community // Offi cial Journal of the European Communities, No L 65, 14.03.1968.
11. Directive 2009/101/EC of the European Parliament and of the Council of 16 September 2009 on coordination of safeguards which, for the protection of the interests of members and third parties, are required by Member States of companies within the meaning of the second paragraph of Article 48 of the Treaty, with a view to making such safeguards equivalent // Offi cial Journal of the European Union, No L 258, 01.10.2009.
12. Directive 2006/43/EC of the European Parliament and of the Council of 17 May 2006 on statutory audits of annual accounts and consolidated accounts, amending Council Directives 78/660/EEC and 83/349/EEC and repealing Council Directive 84/253/EEC // Offi cial Journal of the European Union, No L 157, 09.06.2006.
13. Opinion of the European Economic and Social Committee on the “Proposal for a Council Regulation on the Statute for a European Foundation (FE)” // Offi cial Journal of the European Union, No C 351, 15.11.2012.
14. Opinion of the Committee of the Regions on “The Statute for a European Foundation” // Offi cial Journal of the European Union, No C 17, 19.01.2013.
15. Interim report on the proposal for a Council regulation on the Statute for a European Foundation (FE) // [Internet resource; Retrieved 01.12.2015.]. www.europarl.europa.eu/sides/getDoc.do?type=REPORT&mode=XML&reference=A7-2013-223&language=EN
16. European Parliament Resolution of 2 July 2013 on the proposal for a Council regulation on the Statute for a European Foundation (FE) (COM (2012)0035 – 2012/0022(APP)) // [Internet resource, Retrieved 01.12.2015.] www.europarl.europa.eu/sides/getDoc.do?type=TA&language=EN&reference=P7-TA-2013-293
17. Withdrawal of Commission proposals // Offi cial Journal of the European Union, No C 80, 07.03.2015.