Article Abstract:
European Union (EU) consists of 25 members and countries in EU are governed by a mix of European law, harmonised national laws and national laws that are not directly affected by harmonisation. The increased differences among the 25 national company law systems and the particular problems faced by some of those national systems undermines the EU principles and therefore future harmonisation by EU should be undertaken only on case sensitive basis that is in the areas that have been identified to be crucial for the functioning of the internal market.
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Article Abstract:
A critical perspective of the response of the European Union (EU) to regulatory competition is presented and some of the consequences of its approach are discussed in relating to the Company Law. EU is focusing on harmonization among its members but the challenge is not to speed up harmonization but to establish a regulatory framework that produces high quality regulation and strengthens competitiveness and efficiency of the EU.
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Article Abstract:
The new Company Law of the People's Republic of China was amended and adopted at the 18th meeting of the Standing Committee of the Tenth National People's Congress. Four significant amendments of the new company law after comparing the differences between the company law of 1993 and the new version are listed.
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