ABSTRACT

Before a cross-border merger can be completed, it must be sanctioned by the designated authority in the transferee Member State. Uncertainty has arisen as to the proper test for the English court to apply at this stage. This article argues that the approach from Re Diamond Resorts Plc, involving a intensive scrutiny of the benefits and disbenefits to stakeholders, does not represent the proper approach under the Cross-Border Merger Directive.

中文翻译：

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审查跨境合并的合法性：寻找正确的方法

摘要

在完成跨国合并之前，必须先由受让人成员国中的指定机构批准。对于英国法院在此阶段适用的适当测试，已经出现了不确定性。本文认为，Re Diamond Resorts Plc的方法涉及对利益相关者的利益和不利之处进行深入审查，并不代表《跨境合并指令》所规定的正确方法。