Friday 26 September 2008

Europe: Commission proposals for simplification of the EU rules on mergers and divisions

The European Commission has published proposals to simplify the European rules governing mergers and divisions.  A new Directive is proposed which will amend various company law Directives including 77/91/EEC78/855/EEC, 82/891/EEC and 2005/56/EC.  According to the Commission, the proposal is intended, inter alia, to reduce the reporting requirements of companies and avoid double reporting.

For further information see: press release | proposal | regulatory impact assessment

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