In the event of division, the company being divided shall transfer all its assets to two or more acquiring companies and cease to exist without liquidation proceedings. In the event of division, the members of the company being divided shall become members of the acquiring companies in accordance with the decision on the division of 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.