council direct octob base articl treati merger public limit liabil compani eec council european commun regard treati establish european econom commun articl thereof regard propos commiss regard opinion european parliament regard opinion econom social committe coordin provid articl gener programm abolit restrict freedom establish begun direct eec coordin continu format public limit liabil compani mainten alter capit direct eec annual account type compani direct eec protect interest member parti requir law member state relat merger public limit liabil compani coordin provis merger made law member state context coordin import sharehold merg compani adequ inform object manner right suitabl protect protect employe right event transfer undertak busi part busi present regul direct eec creditor includ debentur holder person claim merg compani protect merger advers affect interest disclosur requir direct eec extend includ merger parti adequ inform safeguard afford member parti connect merger extend cover legal practic import respect similar merger oblig provid protect evad oj oj oj oj oj oj oj oj oj ensur certainti law relat compani concern parti member case nulliti aris limit provid defect remedi restrict period nullif proceed commenc adopt direct articl scope coordin measur laid direct appli law regul administr provis member state relat type compani germani die aktiengesellschaft belgium la société anonym de naamloz vennootschap denmark aktieselskab franc la société anonym ireland public compani limit share public compani limit guarante share capit itali la società azioni luxembourg la société anonym netherland de naamloz vennootschap unit kingdom public compani limit share public compani limit guarante share capit member state appli direct cooper incorpor type compani list paragraph law member state make option requir compani includ word quot cooper quot document refer articl direct eec member state appli direct case compani compani acquir ceas exist subject bankruptci proceed proceed relat wind insolv compani judici arrang composit analog proceed chapter regul merger acquisit compani merger format compani articl member state compani govern nation law make provis rule govern merger acquisit compani merger format compani articl purpos direct quot merger acquisit quot oper compani wound liquid transfer asset liabil exchang issu sharehold compani compani acquir share acquir compani cash payment exceed nomin share issu nomin account par member state law provid merger acquisit effect compani acquir liquid provid option restrict compani begun distribut asset sharehold articl purpos direct quot merger format compani quot oper compani wound liquid transfer compani set asset liabil exchang issu sharehold share compani cash payment exceed nomin share issu nomin account par member state law provid merger format compani effect compani ceas exist liquid provid option restrict compani begun distribut asset sharehold chapter ii merger acquisit articl administr manag bodi merg compani draw draft term merger write draft term merger type regist offic merg compani share exchang ratio amount cash payment term relat allot share acquir compani date hold share entitl holder particip profit special condit affect entitl date transact compani acquir treat account purpos acquir compani right confer acquir compani holder share special right attach holder secur share measur propos special advantag grant expert refer articl member merg compani administr manag supervisori control bodi articl draft term merger publish manner prescrib law member state accord articl direct eec merg compani month date fix gener meet decid thereon articl merger requir approv gener meet merg compani law member state provid decis requir major third vote attach share subscrib capit repres law member state provid simpl major vote subparagraph suffici half subscrib capit repres rule govern alter memorandum articl associ appli class share decis merger subject separ vote class sharehold right affect transact decis cover approv draft term merger alter memorandum articl associ necessit merger articl law member state requir approv merger gener meet acquir compani condit fulfil public provid articl effect acquir compani month date fix gener meet compani compani acquir decid draft term merger month date sharehold acquir compani entitl inspect document articl regist offic acquir compani sharehold acquir compani hold minimum percentag subscrib capit entitl requir gener meet acquir compani call decid approv merger minimum percentag fix member state provid exclus vote share calcul articl administr manag bodi merg compani draw detail written report explain draft term merger set legal econom ground share exchang ratio report describ special valuat difficulti arisen articl expert act behalf merg compani independ appoint approv judici administr author examin draft term merger draw written report sharehold law member state provid appoint independ expert merg compani appoint made judici administr author joint request compani expert depend law member state natur legal person compani firm report mention paragraph expert case state opinion share exchang ratio fair reason statement method method arriv share exchang ratio propos state method method adequ case question valu arriv method give opinion rel import attribut method arriv decid report describ special valuat difficulti arisen expert entitl obtain merg compani relev inform document carri investig articl sharehold entitl inspect document regist offic month date fix gener meet decid draft term merger draft term merger annual account annual report merg compani preced financi year account statement drawn date earlier dai month preced date draft term merger latest annual account relat financi year end month date report administr manag bodi merg compani provid articl report provid articl account statement provid paragraph drawn method layout annual balanc sheet law member state provid fresh physic inventori valuat shown balanc sheet alter reflect entri book account account interim depreci provis materi actual shown book sharehold entitl obtain request free charg full desir partial copi document refer paragraph articl protect right employe merg compani regul accord direct eec articl law member state provid adequ system protect interest creditor merg compani claim anted public draft term merger fallen due time public end law member state provid creditor entitl obtain adequ safeguard financi situat merg compani make protect creditor safeguard protect creditor acquir compani compani acquir articl prejudic rule govern collect exercis right articl appli debentur holder merg compani merger approv meet debentur holder meet provid nation law debentur holder individu articl holder secur share special right attach right acquir compani equival possess compani acquir alter right approv meet holder secur meet provid nation law holder secur individu holder entitl secur repurchas acquir compani articl law member state provid judici administr prevent supervis legal merger supervis extend legal act requir merger minut gener meet decid merger merger contract subsequ gener meet drawn certifi due legal form case merger approv gener meet merg compani draft term merger drawn certifi due legal form notari author compet draw certifi document due legal form check certifi exist valid legal act formal requir compani act draft term merger articl law member state determin date merger take effect articl merger public manner prescrib law member state accord articl direct eec respect merg compani acquir compani carri public formal relat compani compani acquir articl merger consequ ipso jure simultan transfer compani acquir acquir compani parti acquir compani asset liabil compani acquir sharehold compani acquir sharehold acquir compani compani acquir ceas exist share acquir compani exchang share compani acquir held acquir compani person act behalf compani acquir person act behalf forego affect law member state requir complet special formal transfer asset right oblig acquir compani effect parti acquir compani carri formal law member state permit compani acquir continu carri formal limit period save except case fix month date merger take effect articl law member state lai rule govern civil liabil sharehold compani acquir member administr manag bodi compani respect misconduct part member bodi prepar implement merger articl law member state lai rule govern civil liabil sharehold compani acquir expert respons draw behalf compani report refer articl respect misconduct part expert perform duti articl law member state lai nulliti rule merger accord condit nulliti order court judgment merger effect pursuant articl declar void judici administr prevent supervis legal drawn certifi due legal form shown decis gener meet void voidabl nation law nullif proceed initi month date merger effect person alleg nulliti situat rectifi remedi defect liabl render merger void compet court grant compani involv period time rectifi situat judgment declar merger void publish manner prescrib law member state accord articl direct eec law member state permit parti challeng judgment month public judgment manner prescrib direct eec judgment declar merger void affect valid oblig ow relat acquir compani aros judgment publish date refer articl compani parti merger jointli sever liabl respect oblig acquir compani refer derog paragraph law member state provid nulliti merger order administr author appeal decis li court subparagraph appli analog administr author nullif proceed initi month date refer articl forego affect law member state nulliti merger pronounc supervis judici administr prevent supervis legal chapter iii merger format compani articl articl appli prejudic articl direct eec merger format compani purpos quot merg compani quot quot compani acquir quot compani ceas exist quot acquir compani quot compani articl appli compani draft term merger contain separ document memorandum draft memorandum associ articl draft articl associ compani approv gener meet compani ceas exist member state appli format compani rule govern verif consider cash laid articl direct eec chapter iv acquisit compani hold share articl member state make provis respect compani govern law oper compani wound liquid transfer asset liabil compani holder share secur confer vote gener meet oper regul provis chapter ii except articl articl member state appli articl oper articl condit fulfil public provid articl effect compani involv oper month oper take effect month oper take effect sharehold acquir compani entitl inspect document articl compani regist offic articl appli articl appli articl member state appli articl oper compani wound liquid transfer asset liabil compani share secur articl compani compani acquir held acquir compani person hold share secur name behalf compani articl case merger compani acquir compani hold share secur compani hold confer vote gener meet member state requir approv merger gener meet acquir compani provid condit fulfil public provid articl effect acquir compani month date fix gener meet compani compani acquir decid draft term merger month date sharehold acquir compani entitl inspect document articl compani regist offic articl appli articl appli articl member state appli articl merger mean articl condit fulfil minor sharehold compani acquir entitl share acquir acquir compani exercis entitl receiv consider share event disagr consider consider determin court articl member state appli articl oper compani wound liquid transfer asset liabil compani share secur refer articl compani compani acquir held acquir compani person hold share secur name behalf compani chapter oper treat merger articl case oper refer articl law member state permit cash payment exce chapter ii iii articl appli articl law member state permit oper refer articl transfer compani ceas exist chapter ii articl chapter iii chapter iv appli chapter vi final provis articl member state bring forc law regul administr provis compli direct year notif forthwith inform commiss thereof provis made delai year entri forc provis refer paragraph applic provis unregist compani unit kingdom ireland member state appli articl holder convert debentur convert secur time law regul administr provis refer paragraph forc posit holder event merger previous determin condit issu member state appli direct merger oper treat merger prepar execut act formal requir nation law complet provis refer paragraph enter forc articl direct address member state luxembourg octob council presid vogel