Company seat – according to the statutory definition, the seat of a legal person is the place where its managing body resides. However, shareholders may decide otherwise in the Articles of Association, choosing the seat freely. The choice of the seat is significant e.g. when it comes to convening general meetings that, as a rule, should take place at the company’s seat or for the purpose of specifying the court of competent jurisdiction for the company.
What does the procedure of cross-border merger enable you to do?
Cross-border merger enables you to use the effect of synergy of two commercial companies from two different European Union countries, which results in the improvement of the business’s competitiveness on the European market and optimizing the costs of business activity. By merging one can transfer the assets (including contracts being in the process of realization) of a commercial company from one country to the assets of a commercial company from other country without the need for conducting the process of liquidating the first.