103:, while in the UK the minimum capital requirement was £1. The Danish registry justified its enforcement of the rule as a way to protect creditors and prevent fraudulent insolvency. Centros Ltd argued that it had the right to be recognised in Denmark under the provisions of freedom of establishment in the
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The
European Court of Justice held that the Danish authorities' refusal to recognise the company was contrary to articles 52, 56 and 58, and that its rules on minimum capital were not justified by the aim of protecting creditors by anticipating the risks of fraudulent bankruptcy due to the insolvency
120:
of companies having inadequate initial capitalisation. The national authorities could adopt less restrictive measures, such as enabling creditors to obtain necessary guarantees, or could adopt measures preventing or penalising fraud, if necessary with the cooperation of another Member State.
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99:, refused on the basis that the company was attempting to circumvent the Danish requirement for companies to pay up a minimum of share capital. In Denmark this was 200,000
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import and export business, was registered in the United
Kingdom and applied in Denmark, where it traded, to register there. The Danish authority,
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107:, articles 52, 56 and 58. The Danish court referred the matter to the
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case, concerning the right of freedom of establishment.
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356:
370:Court of Justice of the European Union case law
178:R (Daily Mail and General Trust plc) v Treasury
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206:Centros Ltd v Erhvervs- og Selskabsstyrelsen
72:Centros Ltd v Erhvervs- og Selskabsstyrelsen
32:Centros Ltd v Erhvervs-og Selskabsstyrelsen
192:Gebhard v Avvocati e Procuratori di Milano
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136:
220:Überseering BV v Nordic Construction GmbH
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233:Kamer van Koophandel v Inspire Art Ltd
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24:
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401:
245:Cartesio Oktató és Szolgáltató bt
64:Right of freedom of establishment
390:European Union company case law
385:1999 in United Kingdom case law
365:United Kingdom company case law
158:Freedom of establishment cases
97:Erhvervs- og Selskabsstyrelsen
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287:Demir and Baykara v Turkey
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109:European Court of Justice
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41:European Court of Justice
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341:
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275:ITWF v Viking Line ABP
317:European company law
257:Commission v Germany
81:European company law
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260:(2007) C-112/2005
182:(1988) Case 81/87
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16:(Redirected from
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380:1999 in Denmark
375:Danish case law
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323:Paul v Virginia
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278:(2007) C-438/05
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248:(2008) C-210/06
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236:(2003) C-167/01
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224:(2002) C-208/00
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210:(1999) C-212/97
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91:Centros Ltd, a
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101:Danish kroner
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54:, ECR I-1459
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337: (1869)
269:The Rosella
359:Categories
347:References
168:arts 49-55
290:ECHR 1345
105:EC Treaty
47:Citations
124:See also
115:Judgment
77:C-212/97
59:Keywords
52:C-212/97
111:(ECJ).
75:(1999)
50:(1999)
18:Centros
300:EU law
342:Notes
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87:Facts
79:is a
37:Court
297:See
166:TFEU
93:wine
335:168
272:or
361::
332:US
328:75
326:,
151:e
144:t
137:v
20:)
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