24th May 2023 |
Regulation, SIs
These Regulations give effect to Commission Directive (EU) 2017/1132 of 14 June 2017 and Directive (EU) 2019/2121 of 27 November 2019, and for the purpose of giving further effect to Article 8 of Directive 2008/104/EC of 19 November 2008.
The Regulations provide for new procedural rules for cross-border mergers and, for the first time, introduce legal certainty for companies in Ireland who wish to exercise their right to enter cross-border conversions and divisions. The Regulations aim to reduce the administrative cost for companies, whilst safeguarding other legitimate public interests such as the protection of employees, creditors, and minority shareholders along with the introduction of an anti-abuse provision.
The Regulations came into operation on 24 May 2023.
Irish Statute Book: SI No 233 of 2023 European Union (Cross-Border Conversions, Mergers and Divisions) Regulations 2023
Topics:
Company Law, Company and Corporate Law