A NEW FORM OF CORPORATE ENTITY: THE EUROPEAN ECONOMIC INTEREST GROUPING

As part of harmonisation of Company Law in the EC, the Council of the EC created a new form of corporate entity called “European Economic Interest Grouping (EEIG)”. An EEIG is neither a partnership nor a company although it bears some of the hallmarks of each. Since the law mainly governing the EEIG is domestic law of that country where its official address is situated, the differences between the Member States may profoundly effect an EEIG from formation to winding-up .

A NEW FORM OF CORPORATE ENTITY: THE EUROPEAN ECONOMIC INTEREST GROUPING

As part of harmonisation of Company Law in the EC, the Council of the EC created a new form of corporate entity called “European Economic Interest Grouping (EEIG)”. An EEIG is neither a partnership nor a company although it bears some of the hallmarks of each. Since the law mainly governing the EEIG is domestic law of that country where its official address is situated, the differences between the Member States may profoundly effect an EEIG from formation to winding-up .