Art. 08 Law applicable


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Article(s)

1. An SCE shall be governed:

(a) by this Regulation;
(b) where expressly authorised by this Regulation, by the provisions of its statutes;
(c) in the case of matters not regulated by this Regulation or, where matters are partly regulated by it, of those aspects not covered by it, by:
(i) the laws adopted by Member States in the implementation of Community measures relating specifically to SCEs;
(ii) the laws of Member States which would apply to a cooperative formed in accordance with the law of the Member State in which the SCE has its registered office;
(iii) the provisions of its statutes, in the same way as for a cooperative formed in accordance with the law of the Member State in which the SCE has its registered office.

2. If national law provides for specific rules and/or restrictions related to the nature of business carried out by an SCE, or for forms of control by a supervisory authority, that law shall apply in full to the SCE.

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