The Council of the EU agreed on a text for a draft SUP-Directive

29th May 2015

The Council of the EU agreed on a compromise text for a draft directive aimed at creating a new status for single-member private limited liability companies (SOCIETAS UNIUS PERSONAE).

This marks a next step on the road initiated in July 2013 by the Draft proposal for a Directive of the European Parliament and the Council on Single Member Companies (SMC) prepared for the European Commission by members of the former Reflection Group on the future of EU company law, and other Professors, as an own initiative project. Allerhand’s President, dr Arkadiusz Radwan served as a member of this ad hoc working group.