Merging is a process in which two or more companies (companies to be acquired) transfer all their property to a newly founded company (acquiring company). In the event of a merger, the merging company ceases to exist without winding-up proceedings. As a result, the rights and obligations of the company to be acquired are transferred to the acquiring company. The reorganisation shall be carried out in two stages.
* 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:
Time period for submission of documents in the Enterprise Register: 14 days from the drawing up of the reorganisation contract or draft contract.