The Directive creates a legal instrument to facilitate cross-border mergers between limited liability companies in the European Union. The measures shall reduce the cost of such operations, guarantee their legal certainty and offer this option to the maximum number of companies, particularly those not wishing to set up a European Company, (SE).
Legal basis
Art. 44 EC
Amendments
no
Employee participation
Provisions pretty close to the SE. In most cases in which participation rights are concerned the SE procedure will apply. That means, first negotiations, after which, if no agreement is reached, a set of standard rules apply.
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