Divestiture without establishing a new company Stage 1
5. Amendments to the draft reorganisation contract or reorganisation contract
Companies have the right to make amendments to the contract or to the draft contract, which has already been submitted to the Commercial Register Authority and announced. It is possible to make amendments to the contract or the draft contract until the decision on the reorganisation is taken. In such a case, the amendments to the reorganisation contract or the draft contract need not be submitted to the Commercial Register authority.
If changes to the contract or the draft thereof are made after the meeting of the participants (shareholders) has taken a decision regarding the reorganisation, the reorganisation process shall be re-initiated. The reorganisation contract or the project thereof must be resubmitted to the Commercial Register Authority and re-advertised.
The reorganisation contract must be identical to all the companies involved in the reorganisation.
Time limit for the submission of documents in the Enterprise Register: 14 days from the amendment of the reorganisation agreement or the draft contract.