The European Economic Interest Grouping (Amendment) (EU Exit) Regulations 2018

Amendment of Council Regulation (EEC) No. 2137/85

33.  For Article 1 substitute—

“Article 1

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

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

(b) accordingly, on and after exit 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 exit 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 exit 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 exit 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)(1) as it applied in the European Union immediately before exit day.”.

(1)

OJ L No. 199, 31.07.1985, p.1