CRF 2019 Work Session 4 intro and conclusions
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This document discusses cross-border registry interoperability between countries. It covers the legal and technological challenges of interconnecting registries, lessons learned from initiatives in the European Union and federal countries, and the potential next step of mutual recognition of documents between jurisdictions. The conclusions are that fully implementing the proposed changes to the EU company law directive within two years will be difficult given current maturity levels. Efforts are needed to reconcile conflicts between the GDPR and Company Law Directive. Regional initiatives for interconnection may be more effective than global efforts due to economic incentives and similarity in legislation.
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CRF 2019 Work Session 4 intro and conclusions
- 1. WS 4a Cross-Border Registry Interoperability: How Far Can We Go?
- 2. Cross-Border Registry Interoperability: How Far Can We Go? • Legal and technological issues in interconnection • Experiences from European Union initiatives and lessons learned from interconnection of state registries in federal countries • Mutual recognition of documents – the next step?
- 3. Conclusions • Given the present level of maturity within EU jurisdictions it is difficult to foresee that the proposal for the change of the company law directive will be implemented within the set timeframe (2 yrs.) • EU together with the registries should work actively on reconciliation of the conflicting provisions of the GDPR and the Company Law Directive • Regional initiatives seem to get more traction then global or pan-European initiatives for interconnection due to economic drivers and similarity in legislation
- 4. THANK YOU!