European Economic Interest Grouping (EEIG) definition

View the related practice notes about European Economic Interest Grouping (EEIG)

Brexit—IP completion day impact on joint venture agreements [Archived]

Brexit—IP completion day impact on joint venture agreements [Archived] ARCHIVED: This Practice Note has been archived and is not maintained. At 11pm (UK time) on 31 January 2020 (exit day), the United Kingdom left the European Union in accordance with a ratified Withdrawal Agreement between the UK and the EU. From that point on, the UK has been regarded by the EU as a ‘third country’ that is not an EU Member State or a member of the European Free Trade Association (EFTA). During the Brexit implementation period which ran from exit day until 11pm UK time on 31 December 2020 (IP completion day), the key EU regulations effectively remained in place for Corporate lawyers (see Practice Note: The effect of Brexit on UK company law [Archived]), but as of IP completion day, certain changes were made to this picture. A number of the potential changes to UK corporate law outlined prior to IP completion day were due to take place if, prior to IP completion day, the UK...

Companies and other forms of business vehicle—glossary of terms

Companies and other forms of business vehicle—glossary of terms This glossary contains a summary and definition of some of the most common terms and phrases used in Types of UK company and Other forms of business vehicle subtopics. A Articles of association Generally referred to simply as the articles. The principal constitutional document of a company (see also Memorandum of association), dealing with management and administration issues, most notably the powers of directors, the transfer and issue of shares, and board and member meetings. The Articles form the fundamental contract between the company and the shareholders, and must be available for public inspection at Companies House. A company must adopt articles of association upon incorporation, and many companies make use of the various Model Articles provided in the Companies (Model Articles) Regulations 2008 (SI 2008/3229) (eg see Precedent: Model articles—private limited company). See Practice Note: A company’s constitution. C Charitable company A charitable company is not a recognised form of business vehicle, but a phrase used to describe one of the structures most...

View the related News about European Economic Interest Grouping (EEIG)

EEIGs in the UK post-Brexit

Corporate analysis: The European Economic Interest Grouping (Amendment) (EU Exit) Regulations 2018 will ensure that any European Economic Interest Grouping (EEIG) registered in the UK immediately before exit day has a clear legal identity and can operate effectively on and after Brexit. Any EEIGs remaining in the UK following exit day will be automatically converted into a new legal form known as a UK Economic Interest Grouping (UKEIG).