The Council adopted the directive on cross-border mergers which will facilitate the cooperation and consolidation between companies from different Member States by reducing legislative and administrative difficulties of cross-border mergers of companies in the Community. The directive provides for the possibility for Member States to apply certain provisions and formalities applying to domestic mergers to transnational mergers. In addition, Member States will have the possibility to adopt specific provisions regarding the protection of minority members of a merging company, who have opposed the cross-border merger.
© Graham Bishop
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