Application of the SE statute in Spain Sergio Gonzlez-Begega & - - PowerPoint PPT Presentation

▶
application of the se statute in spain sergio gonz lez
SMART_READER_LITE
LIVE PREVIEW

Application of the SE statute in Spain Sergio Gonzlez-Begega & - - PowerPoint PPT Presentation

May 20, 2023 214 likes •334 views

Application of the SE statute in Spain Sergio Gonzlez-Begega & Holm-Detlev Khler University of Oviedo/Spain SEEUROPE meeting 29 + 30.3.2010 Conference Venue ITUH, Brussels Structure The transposition in Spain SEs in Spain

slide-1
SLIDE 1

Application of the SE statute in Spain

Sergio González-Begega & Holm-Detlev Köhler University of Oviedo/Spain

SEEUROPE meeting 29 + 30.3.2010 Conference Venue ITUH, Brussels

slide-2
SLIDE 2

Structure

  • The transposition in Spain
  • SEs in Spain
  • Social partner attitudes
  • Why so few SEs in Spain?

Köhler/González Begega

slide-3
SLIDE 3

Köhler/González Begega

The transposition

  • Nov. 2004 adaptation of Spanish company

legislation

  • Oct. 2006 Law on the involvement of workers

in European limited companies and European cooperatives

  • One-tier system without co-determination, but

SEs may opt for two-tier system

  • No encouraging legal, tax or social measures

(no positive drivers)

  • SNB members chosen by the unions, external

union experts permitted

slide-4
SLIDE 4

Köhler/González Begega

GROUPING OF THE MEMBER STATES ACCORDING TO THE WAY OF IMPLEMENTATION OF THE OPTIONS LEFT OPEN IN THE SE REGULATION Source: Study 2008/S 144-192482, 2009

slide-5
SLIDE 5

Köhler/González Begega

Attractiveness and flexibility of SEs in Spain

  • Flexibility compared to EU members:

medium level

  • Attractiveness compared to domestic

company law: high

  • Problem: no positive drivers, lack of

experience and high complexity of the rules

slide-6
SLIDE 6

Köhler/González Begega

Registered SEs in April 2009

Source: Study 2008/S 144-192482, 2009

slide-7
SLIDE 7

Köhler/González Begega

Case 1: Arcelor Steel Trading S.E., 2008 Case 2: Paypal S.E., 2009

slide-8
SLIDE 8

Employers’ attitude

  • Low interest and low support
  • Excessively complex, no incentives
  • Potential disruptor of domestic IR (co-

determination threat)

Köhler/González Begega

slide-9
SLIDE 9

Trade unions’ attitude (UGT and CCOO)

  • Low interest, other priorities
  • Lack of initiative rights
  • Sceptical on impact of SEs in Spain

Köhler/González Begega

slide-10
SLIDE 10

Why so few SEs in Spain?

  • Complex instrument for ‘pocket

multinationals’

  • No positive drivers, no employers’

association support, no union iniciative rights

  • Lack of experience with two-tier systems

and board level representation of workers

Köhler/González Begega