If one of the members is incapacitated, personally bankrupt or disqualified from directing, managing, administering or controlling a commercial undertaking of any form, or a non-trading legal person governed by private law, the grouping is dissolved, unless its continuation is provided for in the contract or the other members unanimously decide so.
The dissolution of the economic interest grouping entails its liquidation. The personality of the grouping subsists for the purposes of the liquidation.
The liquidation is carried out in accordance with the provisions of the contract. Failing this, a liquidator shall be appointed by the meeting of the grouping’s members or, if the meeting is unable to make such an appointment, by court order. After payment of debts, the surplus assets shall be distributed among the members in accordance with the conditions laid down in the contract. Failing this, the distribution is made…
The terms “economic interest group” and “EIG” may only be used by groups subject to this chapter. The public prosecutor or any interested person may request the president of the competent court ruling in summary proceedings to prohibit, if necessary under penalty, the unlawful use of this designation. The president of the court may, in addition, order the publication of the decision, its posting in the places that he or…
European economic interest groupings registered in France in the Trade and Companies Register have legal personality as soon as they are registered.
European economic interest groupings have a civil or commercial nature depending on their purpose. Registration does not carry a presumption that a grouping is commercial.
The rights of the members of the grouping may not be represented by negotiable securities.
Collective decisions of the European Economic Interest Grouping shall be taken by the meeting of the members of the Grouping. However, the Statutes may stipulate that these decisions, or some of them, may be taken in the form of written consultation.
The manager or managers of a European Economic Interest Grouping are liable, individually or jointly and severally as the case may be, to the grouping or to third parties, either for infringements of the legislative or regulatory provisions applicable to the grouping, or for breaches of the Articles of Association, or for their mismanagement. If several managing partners have cooperated in the same acts, the court shall determine the contributory…
A legal entity may be appointed manager of a European Economic Interest Grouping. When appointed, it is required to designate a permanent representative who incurs the same civil and criminal liability as if he were a manager in his own name, without prejudice to the joint and several liability of the legal person he represents.
Our French business lawyers are here to help.
We offer a FREE evaluation of your case.
Call us at +33 (0) 1 84 88 31 00 or send us an email.
is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
Resources
is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
Useful links
Our French business lawyers are here to help.
We offer a FREE evaluation of your case.
Call +33 (0) 1 84 88 31 00 or send us an email.
All information exchanged through this website will be communicated to lawyers registered with a French Bar and will remain confidential.
