One year after it was tabled by the European Commission, the Council reached a general approach on the draft directive on single-member private limited liability companies (also referred to as ‘Societas Unius Personae’ or SUP).
During the 28 May Competitiveness Council meeting, the Hungarian delegation, which had moved from the supporters’ to the opponents' camp in the beginning of the month, circulated a ‘ room document ’ ahead of the discussions, proposing additional safeguards as regards the main stumbling block…