Domestic Company Law and Free Movement of Capital: Nothing Escapes the European Court?

On its website “The EU Single Market – Fewer barriers, more opportunities”, the European Commission lists the judgments by the European Court of Justice [ECJ] dealing with the free movement of capital under Art 56 EC Treaty (ex 73b). The latest update of this list is the Court's Volkswagen decision of 23 October 2007 (Case C-112/2005), which the Commission had launched against the Federal Republic of Germany on 4 March 2005. This suit, brought under Art. 226 EC Treaty, had been long coming. That the Volkswagen statute, which effectively gave the Federal government and the Land (federal state) of Niedersachsen (Lower Saxony) a veto against majority acquisition while only holding a fifth of all shares, would come into the Commission's purview, could hardly surprise, given the Commission's activity with regard to such ‘golden share’ provisions under Portuguese, French, Belgian and English company laws. The most recent decision of the ECJ in the case of Volkswagen is of interest in more than one respect. Not only does it constitute a continuation and further accentuation of a line of argument that the Court has been unfolding over past few years with regard to the Member State provisions in conflict with the EC's guarantee of the free movement of capital as laid down in Art. 56 EC.

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Analysis of ECJ case law on discriminatory treatment of cross-border inheritance tax

Bratislava Law Review ◽

10.46282/blr.2017.1.1.66 ◽

2017 ◽

Vol 1 (1) ◽

pp. 15-28

Author(s):

Gracia Luchena

Keyword(s):

Case Law ◽

European Court Of Justice ◽

Free Movement ◽

Freedom Of Establishment ◽

Member States ◽

Cross Border ◽

Inheritance Tax ◽

Court Of Justice ◽

European Court ◽

Free Movement Of Capital

Recently, the European Commission has launched a package which deals with issues of double taxation and discriminatory tax treatment in the area of inheritance and estate tax. In the paper the Commission discusses ten cases in which the European Court of Justice examined the inheritance tax rules of Member States. In eight out of the ten cases it concluded that the Member States in question breached EU rules on the free movement of capital and/or freedom of establishment. For example, on the 3rd of September 2014, the ECJ entered/made a judgment resolving that the Spanish Inheritance Tax should impose restrictions on the free movement of capital, one of the fundamental principles of the EU’s Single Market. Taking into consideration the merits of the case the Court of Justice finally concluded that the situations between resident and non-resident taxpayers or between goods located in Spain or abroad are comparable and that therefore the applicable tax treatment should be the same.

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16. Free Movement of Services and Capital

10.1093/he/9780198864660.003.0016 ◽

2021 ◽

pp. 665-716

Author(s):

Robert Schütze

Keyword(s):

Public Services ◽

Free Movement ◽

Integration Path ◽

Fundamental Freedom ◽

Negative Freedom ◽

The Third ◽

European Court ◽

Freedom Of Services ◽

General Aspects ◽

Free Movement Of Capital

This chapter focuses on the third and fourth fundamental freedom of the European Union's internal market: the freedom of services and the freedom of capital. It begins by analysing the general aspects of the free movement of services. The European Court has significantly pushed negative integration through a restriction test; yet the Union has here equally followed a positive integration path in the form of the ‘Services Directive’. The chapter moves to two special—and very controversial—services regimes, namely that for posted workers and that for public services. It then deals with the free movement of capital, considering the scope of the (negative) freedom and surveying the various grounds on which restrictions to the free movement of capital may be justified.

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Company Law as a Restriction to Free Movement Examination of the Notion of 'Restriction' Using Company Law as the Frame of Reference

SSRN Electronic Journal ◽

10.2139/ssrn.2386145 ◽

2014 ◽

Cited By ~ 1

Author(s):

Karsten Engsig SSrensen

Keyword(s):

Frame Of Reference ◽

Company Law ◽

Free Movement

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The U. S. Dollarization Approach to Regional Currency Consolidation: Second-Best in the Short Run, Doomed in the Long Run

Problemas del Desarrollo Revista Latinoamericana de Economía ◽

10.22201/iiec.20078951e.1999.119.28154 ◽

2011 ◽

Vol 30 (119) ◽

Author(s):

George M. Von Furstenberg ◽

Alexander Volbert

Keyword(s):

Latin America ◽

Financial Services ◽

Free Movement ◽

Monetary Unions ◽

International Currency ◽

Second Best ◽

Long Run ◽

Short Run ◽

Free Movement Of Capital

Free movement of capital and trade in financial services are driving regional currency consolidation. We compare the relative merits of adopting an international currency unilaterally or multilaterally. While EMU is the exemplar of the multilateral approach characterized by assured seignior age sharing and co-management of the joint monetary asset, unilateral monetary unions are represented by the proposed formal dollarization of some countries in Latin America. This paper finds that while such dollarization could be useful for the period ahead, it carries the seeds of its own destruction because peripheral countries that lose their currency need not support this one-sided arrangement indefinitely

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Libre circulación de personas y Derecho Internacional Privado: un análisis a la luz de la jurisprudencia del Tribunal de Justicia de la Unión Europea = Free movement of persons and International Private Law: an analysis in the light of the case law of the European Court of Justice

CUADERNOS DE DERECHO TRANSNACIONAL ◽

10.20318/cdt.2017.3867 ◽

2017 ◽

Vol 9 (2) ◽

pp. 106

Author(s):

Irene Blázquez Rodríguez

Keyword(s):

International Law ◽

Mutual Recognition ◽

Case Law ◽

Free Movement ◽

Legal Person ◽

Private International Law ◽

European Court ◽

Palabras Clave ◽

European Citizenship ◽

Free Movement Of Persons

Resumen: El objetivo de este trabajo es analizar la interacción entre la libre circulación de per-sonas y el Derecho internacional privado. Mediante esta dimensión se profundiza en la esencia de esta movilidad intra-UE, al tiempo que se calibra el alcance del status civitatis europeo. Este estudio se sus-tenta en una jurisprudencia reciente –si bien consolidada– del TJUE en la que se garantiza no sólo el desplazamiento sino también el reconocimiento de situaciones privadas en el espacio europeo, y ello con independencia de la regulación material o conflictual del Estado miembro de acogida. En esta acción, la persona tanto física como jurídica trasciende su propio Derecho nacional y adquiere una auténtica dimensión “europea”.Palabras clave: libre circulación de personas, ciudadanía de la Unión, Derecho internacional pri-vado, estatuto personal.Abstract: The aim of this paper is to analyse the interaction between the free movement of persons and private international law. This dimension deepens in the essence of this intra-EU mobility, at the same time as measuring the scope of the European status civitatis. This study is based on recent –yet already well defined– case law of the CJEU, guaranteeing not only the movement but also the mutual recognition of civil situations into the common European space, independent of substantive or conflict rules of the host member state. With this action, both natural and legal person go beyond their own na-tional law in order to acquire a truly “European” dimension.Keywords: free movement of persons, European citizenship, Private International Law, personal status.

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