Common use of Corporate Law Clause in Contracts

Corporate Law. Companies from the UK, in particular "Lim- ited" companies with an administrative seat in the EU, have so far been recognised on the basis of the case law of the ECJ (European Court of Justice) and the previously applicable freedom of establishment. This case law also continued to apply for the period of the transitional period. For example, “Limited” companies registered in the territory of the EU were able to incorpo- rate their business into another legal form or carry out a cross-border merger. On 01.01.2021, the recognition ended for "Limited" companies with an administrative office within the EU. The shareholders thus face the possibility of being personally liable for the liabilities of the com- pany.