Directive 2005/56/EC facilitates the cross-border mergers of
limited-liability companies. It fills an important gap in European company
law by setting up a simple framework in which, as a general rule, each
merging company is governed by the provisions of its national law
applicable to domestic mergers.
The directive was the first measure adopted under the Commission’s 2003
Action Plan on company law and corporate governance in the European Union.
The transposition deadline of the directive expired on 15 December