The use of digital tools and processes in corporate law.
The European Parliament and Council Directive 2019/1151 of 20 June 2019 introduced to corporate law important changes in the use of digital tools and processes. The Directive requires Member States to implement, by 1st August 2021, procedures enabling the entire process online for the registration of new companies and/or branches. The purpose of such implementations is to facilitate and to reduce administrative costs associated with the incorporation of companies and the registration of their branches, in particular for micro, small and medium-sized companies.