Commission cuts unnecessary administrative burdens in EU company law

The European Commission is moving quickly to deliver on its 2008 programme to cut administrative costs. Only one month after the presentation of a list of 11 Fast Track Actions (FTA) on 10 March 2008 (MEMO/08/152), the Commission today has approved proposals for four of these measures which will make life easier for small and medium enterprises (SMEs) by cutting the following burdens on enterprises.