Formerly, the only possible forms of re-organization/operations with the participation of companies from the Member States regulated in the CA were mergers – both in the form of merger by acquisition and merger by the formation of a new company.
By implementing the rules of the Directive in the CA:
- Rules on mergers as form of cross-border re-organization/operation involving companies from Member States have been standardized;
- For the first time, the possibility of spin-off by incorporation of a new company, split-off separation by incorporation of a new company and split-off of a solely owned company, as forms of re-organization/operation involving companies from Member States, has been introduced;
- An entirely new “Section VI”…