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The creation of a Societas Europaea (SE) status could offer a solution to the “economic nationalism” crisis in Europe. This status was introduced in 2004, but it has only been adopted by one company yet. This first European company, Allianz Societas Europea, was born after completion of the merger between Allianz and RAS. The SE label aims to reduce the incompatibilities of national legal frames with the evolution of companies in a globalized economy. It simplifies the organization of conglomerates by allowing a centralization of decision-making in a European parent group or holding company. This legal structure took a long time to become effective, because it was perceived by employees as a challenge to existing social rights in national legal systems. It is still often considered a way of favouring companies to the detriment of workers.