Regulatory Alerts2012-06-23
Law 1/2012 of 22 June on Simplifying Information and Documentation Obligations for Mergers and Spin-offs of Capital Companies
The Spanish State issued Law 1/2012 to transpose EU Directive 2009/109/CE, simplifying information and documentation requirements for mergers and spin-offs of capital companies. The legislation mandates the use of corporate websites for publishing merger projects and general meeting notices, while permitting electronic communications with shareholders upon their acceptance. It also updates creditor opposition rights, expands exceptions for independent expert reports, and corrects legal references regarding shareholder withdrawal rights in cross-border operations.
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