In the case of separation, the company to be divided shall transfer part of its assets to one acquiring company or several such companies. In the case of separation, the company to be divided shall continue to exist. The acquiring company is a start-up company. In the case of separation, all or part of the members of the company to be divided become members of the acquiring company or the only Member of the acquiring company becomes the company to be divided in accordance with the decision to separate the company. The reorganisation shall be carried out in two stages.

We note that under commercial Law, participants/shareholders have the right to participate and vote in the meeting remotely, or to vote before the meeting. Read more in the Explanatory Notes on Remote participation in meetings of Members, shareholders and Members section.

^{* The statutory time limit for examining documents may be extended on the basis of Section 64, Paragraph two of the Administrative Procedure Law.}

Documents to be submitted:

• application for reorganisation;
• the reorganisation decision or draft decision;
• a receipt or a copy thereof, or a printout of an Internet bank payment, or information regarding payment of the State fee.

Deadline for submission of documents in the Enterprise Register: 14 days from the drawing up of the reorganisation decision or draft decision.