This thesis attempts to summarise and analyse a legal treatment of companies in international private law. An important term used throughout the thesis is "personal statute of a legal person". Personal statute of a legal person is an institution that decides whether the organised entity has its own legal presence and which legal system governs its relations. We use two basic theories for determination of a personal statute of a legal person, the incorporation theory and the real seat theory. The incorporation theory is based on an idea that the personal statute of a legal person is a legal system the company is founded in. The real seat theory is related to the problematic idea of an actual residence, a place where the company actually conducts its business, where its management resides or where it is in fact controlled from. Since the consensus in determination of a private statute was not agreed upon, each state uses a different principle. Whilst the incorporation theory in its consequence supports the advancement of trade and is more flexible towards the companies, the real seat theory offers more legal certainties. The so called Delaware effect is considered to be a main weakness of an incorporation theory, which is a situation when the companies are based in states with favourable legislature,...

The objective of this thesis is to analyze legal framework of companies in private international law with focus on cross-border mobility of companies in the EU. The work consists of an introduction, five chapters and a conclusion. In the first chapter, the basic terminology used in the work and terms of private international law, collision standards, legal entities (persons) and companies are presented and defined. The second chapter is devoted to the personal statute of company and analyzes main theories of determining a personal statute - the incorporation theory and the real seat theory, their advantages and disadvantages are discussed and their comparison is mentioned at the end of the chapter. Incorporation theory enables cross-border transfer of company seats and defines law applicable to company forever, real seat theory has a protective function. Whereas incorporation theory uses the foundation of a company to determine applicable law, real seat theory uses the real seat of a company, the actual place where the company centers its activity. The third chapter discusses the subject from the point of view of the EU law. The freedom of establishment as legal basis for the movement of companies within EU is analyzed as well as basic articles of primary law regarding right of establishment....

Summary: Private international law from a comparative perspective (comparison of a particular segment in Czech law and the law of a selected country): International company law in the Czech Republic and in the Federal Republic of Germany The purpose of this thesis to familiarize reader with the regulation of companies in private international law in the Czech Republic and in the Federal Republic of Germany. This thesis primarily compares the approaches of these two states to the methods of determining the personal status of the company and to the regulation of companies in general. Significant part of this thesis is therefore being focused on to the incorporation theory and real seat theory. Due to the membership of both of the states in the European Union, this thesis also deals with the European regulation of companies and analyzes the case law relating to the personal status and relocation of companies within European Union. This thesis is divided in six chapters. The first chapter explains the concept of international private law and international company law. The second chapter discusses the status of the company and basic theoretical approaches to its determination. This chapter is mainly dedicated to the incorporation theory and real seat theory. The third chapter is devoted to the Czech regulation...

Companies in private international law Abstract The purpose of my thesis is to analyze the regulation of companies in private international law with the focus on the possibilities of cross-border movement of companies. In today's globalized society, the mobility of companies affects both economy of the state and lives of the employees, creditors and other parties. It is therefore subject to regulation. State's conflict of laws rules are based on two main methods to determine the status of the company, i.e. the incorporation doctrine and the real seat doctrine. These two doctrines are clashing in many aspects. The thesis is composed of an introduction, followed by five chapters, and a summary. Chapter One is introductory and defines basic terminology used in the thesis: the terms company and private international law. The second chapter explains the concept of status of a company and analyses the incorporation theory, the theory of real seat and the theory of super-addition. It also deals with the cross-border transfer of seat. Chapter Three examines Czech legislation regarding the personal status of a company. It explains the historical background and recent Czech concept of the incorporation theory, addresses the issue of seat in Czech law and investigates the regulation of cross-border transfer of seat....

States have traditionally dealt with foreign companies on their territory within their private international law. The arrival of European law and enactment of freedom of establishment though considerably constrained capabilities of member states, whereas companies gained the right of establishment. The aim of this thesis is characterization and specification of the relationship between the freedom of establishment, member states and companies incorporated under laws of member states. The main focus of this thesis is analysis of ten most important cases by the Court of Justice of the European Union concerning the freedom of establishment of companies, which significantly transformed mentioned relationship. Subsequently the thesis summarizes the conclusions of analyzed cases by subject of evolution of primary and secondary freedom of establishment, standing of pseudoforeign companies, conformity with incorporation theory and real seat theory and lastly ways of statutory and/or real seat transfer. The main contribution of the thesis is the very detailed case law analysis, including the newest case Vale from July 12th 2012, and also the case law classification by object.

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<p>Постојеће законодавство ЕУ не пружа довољан правни основ за слободно кретање привредних друштава међу државама чланицама ЕУ из разлога недовољне легислативне активности органа ЕУ. Одредбе о слободи настањивања из Уговора о функционисању Европске уније не дају јасну слику о томе коју теорију о припадности привредних друштава треба примењивати како би привредна друштва несметано уживала слободу настањивања &ndash; теорију оснивања, теорију стварног седишта или, пак, неку трећу. Вишегодишњи неуспеси органа ЕУ да правно уреде питање припадности привредних друштава дали су слободу Суду ЕУ да буде веома активан у креирању судске праксе поводом припадности привредних друштава, а путем тумачења слободе настањивања. Видна је разлика између либералистичког приступа Суда са једне стране и протекционизма ког поједине државе чланице ЕУ потенцирају у својим националним правима, као и кроз органе ЕУ.<br />Пракса Суда ЕУ показала је да се разлике између теорија о припадности привредних друштава могу премостити, а да при томе не дође до напуштања једне од њих. Тако би се из теорије оснивања прихватило начело аутономије воље оснивача, док би се из теорије стварног седишта прихватио став да државе чланице имају право да интервенишу у одређеним питањима из домена права привредних друштава, када је то потребно ради заштите одређеног општег интереса. Разлике између теорије оснивања и теорије стварног седишта суштински представљају разлике у поимањима обима државног суверенитета од стране различитих држава чланица ЕУ. Тако се оне државе које желе да стимулишу развој привреде привлачењем страних инвеститора одлучују за прихватање теорије оснивања, док са друге стране теорију стварног седишта прихватају оне државе које желе да остваре што је могуће већу контролу привредних активности које се врше на њеној територији.<br />Иако су и Суд ЕУ и правна теорија покушавали да реше питање сукоба између две преовлађујуће теорије о припадности привредних друштава &ndash; теорије оснивања и теорије стварног седишта &ndash; то се до данашњег дана није догодило, превасходно јер су наведене теорије засноване на двема супротстављеним филозофијама. Филозофија којом се води теорија оснивања потиче из држава које имају традиционално јаку међународну трговину и које, стога, проблему прилазе на један отворенији и флексибилнији начин, стављајући у први план пре свега слободу трговине и принцип сигурности у привредним односима. Теорија стварног седишта проблему прилази сагледавајући стварну везу између одређеног привредног друштва и одређене државе.&nbsp;<br />Из скоријих пресуда Суда ЕУ може се закључити да право ЕУ све више иде ка прихватању теорије оснивања као преовлађујуће теорије о припадности привредних друштава, која, међутим, не може бити примењивана без корективних мера којима би се штитила права трећих лица. Оно што би требало да буде повезујући чинилац и за теорију оснивања и за теорију стварног седишта јесте управо то што је њихов коначан циљ исти, а то је што мање ограничење слободе настањивања привредних друштава.</p> / <p>Postojeće zakonodavstvo EU ne pruža dovoljan pravni osnov za slobodno kretanje privrednih društava među državama članicama EU iz razloga nedovoljne legislativne aktivnosti organa EU. Odredbe o slobodi nastanjivanja iz Ugovora o funkcionisanju Evropske unije ne daju jasnu sliku o tome koju teoriju o pripadnosti privrednih društava treba primenjivati kako bi privredna društva nesmetano uživala slobodu nastanjivanja &ndash; teoriju osnivanja, teoriju stvarnog sedišta ili, pak, neku treću. Višegodišnji neuspesi organa EU da pravno urede pitanje pripadnosti privrednih društava dali su slobodu Sudu EU da bude veoma aktivan u kreiranju sudske prakse povodom pripadnosti privrednih društava, a putem tumačenja slobode nastanjivanja. Vidna je razlika između liberalističkog pristupa Suda sa jedne strane i protekcionizma kog pojedine države članice EU potenciraju u svojim nacionalnim pravima, kao i kroz organe EU.<br />Praksa Suda EU pokazala je da se razlike između teorija o pripadnosti privrednih društava mogu premostiti, a da pri tome ne dođe do napuštanja jedne od njih. Tako bi se iz teorije osnivanja prihvatilo načelo autonomije volje osnivača, dok bi se iz teorije stvarnog sedišta prihvatio stav da države članice imaju pravo da intervenišu u određenim pitanjima iz domena prava privrednih društava, kada je to potrebno radi zaštite određenog opšteg interesa. Razlike između teorije osnivanja i teorije stvarnog sedišta suštinski predstavljaju razlike u poimanjima obima državnog suvereniteta od strane različitih država članica EU. Tako se one države koje žele da stimulišu razvoj privrede privlačenjem stranih investitora odlučuju za prihvatanje teorije osnivanja, dok sa druge strane teoriju stvarnog sedišta prihvataju one države koje žele da ostvare što je moguće veću kontrolu privrednih aktivnosti koje se vrše na njenoj teritoriji.<br />Iako su i Sud EU i pravna teorija pokušavali da reše pitanje sukoba između dve preovlađujuće teorije o pripadnosti privrednih društava &ndash; teorije osnivanja i teorije stvarnog sedišta &ndash; to se do današnjeg dana nije dogodilo, prevashodno jer su navedene teorije zasnovane na dvema suprotstavljenim filozofijama. Filozofija kojom se vodi teorija osnivanja potiče iz država koje imaju tradicionalno jaku međunarodnu trgovinu i koje, stoga, problemu prilaze na jedan otvoreniji i fleksibilniji način, stavljajući u prvi plan pre svega slobodu trgovine i princip sigurnosti u privrednim odnosima. Teorija stvarnog sedišta problemu prilazi sagledavajući stvarnu vezu između određenog privrednog društva i određene države.&nbsp;<br />Iz skorijih presuda Suda EU može se zaključiti da pravo EU sve više ide ka prihvatanju teorije osnivanja kao preovlađujuće teorije o pripadnosti privrednih društava, koja, međutim, ne može biti primenjivana bez korektivnih mera kojima bi se štitila prava trećih lica. Ono što bi trebalo da bude povezujući činilac i za teoriju osnivanja i za teoriju stvarnog sedišta jeste upravo to što je njihov konačan cilj isti, a to je što manje ograničenje slobode nastanjivanja privrednih društava.</p> / <p>The current EU legislation does not provide a sufficient legal basis for the free movement of companies within the member states of the EU, due to insufficient legislative activities of the EU institutions. The provisions on the freedom of establishment contained in the Treaty on the Functioning of the European Union do not show a clear picture on which of the theories on the nationality of companies ought to be applied in order for companies to enjoy the freedom of establishment without a hindrance &ndash; the incorporation theory, the real seat theory or some other theory. Perennial failures of the EU authorities to put in order the legislation pertaining to the question of the nationality of companies have resulted in wide discretion of the Court of Justice of the European Union to actively create the case-law in regards to the nationality of companies, by means of interpretation of the freedom of establishment. The difference between the liberal approach adopted by the Court, on one side, and the protectionism that some member states are so prone to in their national laws and which they eagerly advocate via the institutions of the EU, on the other side, is blatant.&nbsp;<br />The case-law of the Court of Justice of the EU has shown that the differences between theories for establishing the nationality of companies could be overcome, without abandoning one or the other. This could be done by accepting the principle of autonomy of will, characteristic for the incorporation theory, whereas the stance that member states are entitled to intervene in certain matters of company law, if necessitated by the protection of certain public interests, could be harvested from the real seat theory. The distinction between these two theories basically stems from divergent conceptions of the scope of state sovereignty advanced by different member states of the EU. This means that states keen to stimulate industry growth opt for the incorporation theory, while on the other hand, the real seat theory is adopted by those states avid to control, to the fullest possible extent, the economic activities performed on their territory.<br />Although both the Court of Justice of the EU and the doctrine have attempted to resolve the contention between the two dominant theories on the nationality of companies&nbsp; &ndash; the incorporation theory and the real seat theory &ndash; no solution has hitherto been found, mainly because the two theories are strongly based on two opposing philosophical viewpoints. The mindset that navigates the incorporation theory is derived from states with traditionally substantial international trade and which states, accordingly, approach the pertinent problem in a more open and flexible manner, putting first and foremost the freedom of trade and the principle of certainty in economic relations. The real seat theory, however, approaches the issue by contemplating the actual connection between a company and a certain state.<br />&nbsp; It can be deduced from recent judgments of the Court of Justice of the European Union that the law of the European Union is more and more inclined to adopt the incorporation theory as the dominant theory on the nationality of companies; this theory, however, cannot be implemented without applying corrective measures to safeguard the rights and freedoms of third persons. What ought to be the connecting factor for both the incorporation theory and the real seat theory is precisely the fact that their final goal is identical &ndash; that is to reduce, to the fullest possible extent, the limitations on the freedom of establishment of companies.</p>

- Companies in Private International Law The purpose of this diploma thesis is to examine regulation of companies in private international law in the Czech Republic and also from the European Union law perspective. The thesis is divided into four main chapters. First chapter provides a brief definition of the basic legal concepts that are central to this thesis - definition of a company and definition of a private international law. Second chapter explains the concept of lex personalis and two opposing conflict of law theories, which link companies to a certain system of law; the incorporation theory and the real seat theory. Third chapter focuses on the relevant Czech legislation, especially on the Czech Commercial Code, which contains provisions on determining lex personalis of a company as well as rules on cross-border transfer of seat of a company. Forthcoming re-codification of private law in Czech Republic is also discussed with regard to the regulation of companies in private international law. Fourth, the most extensive chapter of this thesis describes and analyzes the European Union law relating to the freedom of establishment of companies. First, the very concept of freedom of establishment is explained with references to primary EU law. Subsequently, six landmark decisions of the Court...

With regard to the gradual economic globalisation markets of States become more and more interconnected, especially so in the European Union which aims to create a single internal market without internal borders and barriers to the free movement of goods, persons, services and capital. Naturally, it influences behaviour of economic participants on the market. With increase of competition it is necessary to be more innovative, active and to search for new opportunities for expansion not only in one's own State but also abroad which entails entering into relations with foreign entities. In the course of time it might be useful or even necessary to relocate the place of business. Such need might not and, indeed, does not concern only natural person but also legal entities such as companies. However, the status of companies in cross-border relations has some specific features in comparison to the status of natural persons. A company is only an artificial product of law, a mere legal fiction, and therefore, its existence is much more closely linked with a specific legal order. A company has legal personality only insofar as some legal order acknowledges it. Different approaches how to link a company to a certain State have been evolved in different States - either the connecting factor is the statutory...

The aim of this work is to analyse the companies under the private international and European law, their cross-border mobility and the problems associated therewith. Crucial emphasis is placed on the synthesis of foreign and Czech authors and confrontation of theory and practice in the light of the current global development of company law in private international law. The key point is the determination of personal status of the company and the conflict between the incorporation theory and the real seat theory. At the outset the author explains the reasons which led him to write this thesis, including the methods used to do so. The whole thesis is divided into four main thematic areas. In the first chapter, some of the basic concepts are defined in order to clarify the thematic framework within which the thesis will be dealt with. The second chapter addresses the definition of the term "Company", its personal status, various approaches to determine the effects of different conflict theories and the regulatory competition arising thereof. The third part deals with a detailed analysis of the Czech law, in particular with the relationship between the Czech Republic and foreign companies, the concept of residence, criteria for determining personal status and different approaches to the cross-border...