Company / EU
Rules aimed at reducing the administrative burden on European public limited liability companies involved in mergers and divisions have been put forward by the European Commission.
The proposed rules are part of a package of measures designed to reduce the administrative burden on companies by 25% by the end of 2012 and will introduce a simplified reporting system alongside clearer requirements on the publication of draft terms.
Internal markets and services commissioner Charlie McCreevy, believes the measures will modernise directives dating back 30 years.
“If we want to keep administrative burdens for EU companies to a minimum we must make sure that these rules are brought into line with today’s technological possibilities and business
