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By Catherine CATHIARD(1), avocat à la Cour, Wildgen
On April 25, 2018, the European Commission published a proposal for a directive(2) amending directive 2017/1132(3) by introducing procedures governing the cross-border conversions(4,5) and divisions(6) of companies, modifying and extending its scope for cross-border mergers.(7) In April 2019 the perseverance of the EU institutions led to the approval of a compromise (the ‘Directive’).(8) The scope of the Directive (I) and its main sensitive provisions, including the protection of stakeholders (II); the pre-operation assessment (III); and how these new rules will be implemented and applicable (IV) will be briefly studied.
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