Capital doctrine in the European Union - a lesson to learn from Finland?

• Authors: Mária Patakyová , Barbora Grambličková
• Languages of publication: EN

Abstracts

EN

The aim of this article is to analyse the legal capital doctrine in the European Union with a comparative method of analysis. Slovak legal system represented by the Slovak Commercial Code served us as the traditional model of the capital doctrine in the European Union. On the other hand, Finland and its Finnish Limited Liability Companies Act served us a model jurisdiction for enlightened model of the capital doctrine in the European Union. The analysis was conducted on the public limited liability companies, as the scope of the Capital Directive covers only this type of company. The main aim of the article was to analyse the specificities of the Finnish capital system which introduced the capital system with shares without nominal value through the company law reform in 2006. Moreover, the article deals with inconsistencies in the Slovak legal system caused by the inexact transposition of the Capital Directive into the Slovak Commercial Code.

Keywords

EN

capital doctrine; capital system; price of the shares; restricted equity; unrestricted equity; reserves; capital

CS

equity

Discipline

• LAW_&_ADMINISTRATION: LAW & ADMINISTRATION

• Publisher: Institute of State and Law, Czech Academy of Sciences
• Journal: The Lawyer Quarterly
• Year: 2016
• Volume: 6
• Issue: 3
• Pages: 137-155
• Document type: ARTICLE

Contributors

author

Mária Patakyová

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author

Barbora Grambličková

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