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Company law

11 October 2013
Issue: 7579 / Categories: Case law , Law digest , In Court
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Re Sigma-Tau Pharma Ltd and another [2013] All ER (D) 31 (Oct)

The issue for consideration was whether the court should approve the cross-border merger. Consideration was given to reg 16 of the Companies (Cross Border Mergers) Regulations 2007 (SI 2007/2974). The court ruled that it was settled law that, in assessing whether to complete a merger, the court had to examine the proposed merger and be satisfied that it did not affect any stakeholder in any of the merging companies, including shareholders, employees or creditors, in any material way, and be satisfied that there was not any other good reason why the approval should be refused. The fact that a pre-merger certificate had been issued by another country did not remove the requirement for the court to scrutinize the merger.

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MOVERS & SHAKERS

DWF—19 appointments

DWF—19 appointments

Belfast team bolstered by three senior hires and 16 further appointments

Cadwalader—Andro Atlaga

Cadwalader—Andro Atlaga

Firm strengthens leveraged finance team with London partner hire

Knights—Ella Dodgson & Rebecca Laffan

Knights—Ella Dodgson & Rebecca Laffan

Double hire marks launch of family team in Leeds

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