The laws of all the Member States should provide for the drawing-up at national level of a report on the common draft terms of the cross-border merger by one or more experts on behalf of each of the companies that are merging. In order to limit experts’ costs connected with cross-border mergers, provision should be made for the possibility of drawing up a single report intended for all members of companies taking part in a cross-border merger operation. The common draft terms of the cross-border merger are to be approved by the general meeting of each of those companies.
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New version applies from 02/07/2014 — introduced by Bank Recovery and Resolution Directive (BRRD).
20 provisions change.
Later versions: 20/07/2017.
Recital 6 changes in this version: compare with the current text.