UK Societas
UK Societas

The following Corporate practice note provides comprehensive and up to date legal information covering:

  • UK Societas
  • European companies and the impact of Brexit
  • Automatic conversion of an SE to a UK Societas
  • Ownership and administration of a UK Societas
  • Conversion of a UK Societas to a UK PLC
  • Winding up, liquidation, insolvency and cessation of payments

This Practice Note considers the law and regulation relating to the corporate structure known as a UK Societas. A UK Societas has its roots in the European company structure, which, since the UK left the EU, is no longer available within the UK.

European companies and the impact of Brexit

A European company, otherwise known as a Societas Europaea or SE, is a body corporate that may be formed within the Europe Union (see Council Regulation 2157/2001/EEC of 8 October 2001 on the Statute of a European Company (SE Regulations)). Once formed, it has its own legal personality, is registered in the member state in which it has its head office, but has EU-wide recognition and status. An SE is a public limited liability company governed by the law of the member state in which it has its registered office.

For further details on SEs, see Practice Notes: European companies—an introduction [Archived], European companies—formation [Archived], European companies—alteration of registered particulars, ongoing administration and transfer of registered office [Archived] and European companies—winding up, liquidation, insolvency and conversion to PLC [Archived].

As a result of the UK leaving the EU, any SE still registered in the UK at the end of the transition period automatically converted into a UK Societas within the meaning of the SE Regulations (see The European Public Limited-Liability Company (Amendment etc.) (EU Exit) Regulations 2018,

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