a)
Application scope
Capital companies may enter into a merger in accordance with the simplified merger method as follows:
- If the transferee capital company owns all shares having voting right of the transferred capital company or,
- If a real person or a company or groups of persons due to law or agreement owns all shares having voting right in capital companies participating in the merger.
The merger may occur in accordance with simplified conditions if the transferee capital company owns at least ninety percent of shares having voting right but not all shares of the transferred capital company, in the case that certain criteria are met for minority shareholders related to the value of shares and personal liabilities.
b)
Simplifications
Capital companies participating in the merger may not have the obligation to (a) draw up the merger report (b) provide the right to inspect and (c) to submit the merger agreement for the approval of the general assembly if they comply with the certain conditions as specified in this law.
