THE ROLE AND SIGNIFICANCE OF THE EUROPEAN SOCIETY (SOCIETAS EUROPAEA)


Bosnia and Herzegovina


Abstract

The legal diversity of national regulations in which economic entities are founded and exist does not leave room for standardizing the rights of companies on a global level. In contrast, in the European Union, for many years, the intention is to unify the law of business companies. In this sense, new legal forms of companies such as the European Society have come into consideration. The fundamental question posed in this paper is the importance of this form of society, its purpose, but also the role of national bodies in terms of organizational structure, methods of establishment, decision-making and its functioning. By determining the legal meaning and application, it raises doubts and the question of the legal possibility of this legal institute in the law of Bosnia and Herzegovina, after it becomes a full member of the European Union.

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