S.I. No. 572/2008 - European Communities (Mergers and Divisions of Companies) (Amendment) Regulations 2008 Skip to content Disclaimer Feedback Helpdesk Gaeilge Léim go dtí an t-ábhar Séanadh Aiseolas Deasc chabhrach English Gaeilge English Produced by the Office of the Attorney General Táirgthe ag Oifig an Ard-Aighne Home Legislation Acts of the Oireachtas Statutory Instruments Pre-1922 Legislation Constitution External Resources Bills (Houses of the Oireachtas) Iris Oifigiúil / Official Gazette Revised Acts (LRC) Classified List of Legislation (LRC) Translations (acts.
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(1)These Regulations may be cited as the European Communities (Mergers and Divisions of Companies) (Amendment) Regulations 2008.
(2)These Regulations come into operation on 31 December
- The European Communities (Mergers and Divisions of Companies) Regulations 1987 ( S.I. No. 137 of 1987 ) are amended— (a) in Regulation 8— (i) by substituting “Subject to paragraph
(11), each” for “Each” in paragraph
(1), and (ii) by inserting the following paragraph after paragraph
(10): “
(11)Paragraph
(1)does not apply if all of the holders of shares and other securities conferring the right to vote in general meetings of each of the merging companies have so agreed.”, (b) in Regulation 12
(1)(
- d)by inserting “where applicable,” before “the independent person’s report”, (
- c)in Regulation 28— (
- i)by substituting “Subject to paragraph
(12), each” for “Each” in paragraph
(1), and (ii) by inserting the following paragraph after paragraph
(11): “
(12)Paragraph
(1)does not apply if all of the holders of shares and other securities conferring the right to vote in general meetings of each of the companies involved in the division have so agreed.”, and (d) in Regulation 31
(1)(d) by inserting “where applicable,” before “the independent person’s report”. GIVEN under my Official Seal, 18 December 2008 MARY COUGHLAN. Minister for Enterprise, Trade and Employment. EXPLANATORY NOTE (This note is not part of the Instrument and does not purport to be a legal interpretation.) These Regulations give effect to Directive 2007/63/EC of the European Parliament and of the Council of 13 November 2007 amending Directives 78/855/EEC and 82/891/EEC concerning the requirement of an independent expert’s report on the occasion of merger or division of public limited liability companies. The change being effected to these Directives through the present Regulations is to give holders of shares and other securities with voting rights at general meetings of each of the merging companies (in the case of a merger) and each of the companies involved in a division (in the case of a division), the option, if they all so agree, to dispense with the requirement to have an examination of the draft terms of merger/written expert’s report on the draft terms of a merger or division. 1 O.J. No. L 300 of 17.11.2007, p.47. Privacy Statement Accessibility European Legislation Identifier (PDF) Open Data License Ráiteas Príobháideachais Inrochtaineacht Aitheantóir Eorpach Reachtaíochta (ELI) Ceadúnas Sonraí Oscailte Liosta Fianán © Government of Ireland. Oireachtas Copyright Material is reproduced with the permission of the Houses of the Oireachtas © Rialtas na hÉireann. Atáirgtear ábhar faoi Chóipcheart le cead ó Thithe an Oireachtais