SE companies need more flexibility

Companies with their legal statute of a Societas Europaea (SE) are currently required to hold their general meetings within the first six months following the end of the previous financial year. However, the corona pandemic with social distancing obligations and contact bans is putting a damper on the practical feasibility to hold their general meetings in time. We therefore advocate to extending the period for holding a general meeting up to 12 months after the end of the previous financial year, thereby providing SE companies with more flexibility in this exceptional situation.