ARTICLE
9 June 2014

Unleashing The Force Of Crowdfunding Within The European Union

GA
GVZH Advocates

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GVZH Advocates is a modern, sophisticated legal practice composed of top-tier professionals and rooted in decades of experience in the Maltese legal landscape. Built on the values of acumen, integrity and clarity, the firm is dedicated to providing the highest levels of customer satisfaction, making sure that legal solutions are soundly structured, rigorously tested, and meticulously implemented.
The European Commission has issued a call for applications with a view to selecting members of an Informal Expert Group on crowdfunding.
European Union Corporate/Commercial Law

Following its Communication in March this year entitled "Unleashing the potential of Crowdfunding in the European Union", the European Commission has issued a call for applications with a view to selecting members of an Informal Expert Group on crowdfunding, the European Crowdfunding Stakeholder Forum (ECSF) as an expert group of high level representatives of associations of concerned stakeholder groups and national authorities.

Crowdfunding is an emerging alternative source of financing that involves open calls to the public, predominantly through the internet, to raise finance for projects either through donations, monetary contributions in exchange for rewards, product pre-ordering, lending, or equity investment. This source of funding could be availed of by any type of businesses including SMEs, artists, innovative start-ups, and social entrepreneurs.

The Commission's objective is to identify the opportunities and risks of this form of finance, and to undertake a detailed analysis of the national legal frameworks applicable to it, in order to identify the best strategy for European policy to adopt. Further information is available at on the Europa.eu site

www.csb-advocates.com

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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