Practical Law UK Glossary 8-107-6245 (Approx. 3 pages)
Glossary
European Company
Also known as Societas Europaea or SE. A public limited company which is formed in any one of the member states of the European Economic Area in accordance with the European Company Statute.
SEs are subject to certain EU-wide laws, such as those relating to minimum share capital, internal regulation and worker participation, and subject to national corporate laws in other respects, including the issue and purchase of shares, maintenance of share capital, taxation and insolvency. An SE must have a minimum share capital of EUR120,000 and the formation of an SE must involve companies from at least two different member states.
For an overview of SEs, including the key features, methods of formation, provisions regarding the involvement of employees and the management structure of an SE, see Practice note, European Companies (Societas Europaea).