BUSINESS AND PROPERTY COURTS OF ENGLAND AND WALES (ChD)
INSOLVENCY AND COMPANIES LIST
Strand, London, WC2A 2LL |
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B e f o r e :
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IN THE MATTER OF TRADE HOLDING PL-UK LTD | ||
AND IN THE MATTER OF CENTRUM HANDLOWE HIT S.A. | ||
AND IN THE MATTER OF THE COMPANIES (CROSS-BORDER MERGERS) REGULATIONS 2007 |
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Hearing dates: 30 July 2019
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Crown Copyright ©
Mr Justice Zacaroli:
"(1) Each Member State shall designate the court, notary or other authority competent to scrutinise the legality of the cross-border merger as regards that part of the procedure which concerns the completion of the cross-border merger and, where appropriate, the formation of a new company resulting from the cross-border merger where the company created by the cross-border merger is subject to its national law. The said authority shall in particular ensure that the merging companies have approved the common draft terms of cross-border merger in the same terms and, where appropriate, that arrangements for employee participation have been determined in accordance with Article 16.
(2) To that end each merging company shall submit to the authority referred to in paragraph 1 the certificate referred to in Article 10(2) within six months of its issue together with the common draft terms of cross-border merger approved by the general meeting referred to in Article 9."