EUROPEAN PRIVATE COMPANY - CHANSE FOR SMALL AND MEDIUM ENTERPRISES (Europejska Spólka Prywatna - szansa dla malych i srednich przedsiebiorstw)

The European Private Company (EPC) is best understood as part of the effort to provide a uniform statute for a wide group of companies that can operate in and move to any part of Europe under a single set of regulations. Starting from the suggestion that the EPC might increase the level of trade overall, the Author goes on to point out that it may also produce distinct advantages for a wide group of companies. The Author emphasizes the key role that the EPC could play in the development of inward investment in the European Union, particularly in stimulating cooperative joint ventures. What is important, the EPC may be useful to countries that have recently entered or are planning to join the European Union. The article explores three types of tools, which serves the harmonization of the European companies' law.