[F1Article 1U.K.

1.A European Economic Interest Grouping registered in the United Kingdom immediately before IP completion day—

(a)is, on IP completion day, converted into a UK Economic Interest Grouping; and

(b)accordingly, on and after IP completion day, is to be known by that name (see Article 5).

2.A UK Economic Interest Grouping—

(a)is a body corporate and continues to be registered as such;

(b)is, on and after IP completion day, deemed to be formed upon the terms, in the manner and with the effects laid down in this Regulation in relation to such groupings;

(c)has the capacity, in its own name, to have rights and obligations of all kinds, to make contracts or accomplish other legal acts, and to sue and be sued.

3.Paragraph 1 does not apply to an outgoing grouping (as to which, see regulation 9 of the EEIG Regulations).

4.In paragraph 3, an “outgoing grouping” means a European Economic Interest Grouping—

(a)which, immediately before IP completion day, is registered in a Member State pursuant to a transfer of its official address from the United Kingdom to that Member State in accordance with Article 14; but

(b)whose registration in the United Kingdom has not been terminated before IP completion day.

5.In paragraph 4(a), the reference to Article 14 is a reference to Article 14 of Council Regulation (EEC) No. 2137/85 of 25 July 1985 on the European Economic Interest Grouping (EEIG) as it applied in the European Union immediately before IP completion day.]

Textual Amendments