Succinct Considerations Regarding the Merger of Companies in the New Romanian Civil Code

摘要

The presence of merger in the New Civil Code [1] proves the legal importance of such institution. The provisions of the NCC corroborated with those of Law no. 31/1990 on the companies [2] succeed to create today a framework, which is more comprehensive every day, of the merger between companies. A good regulation of the merger is the key to the settlement of the issues occurred and which may occur in practice. To this effect, here is a critical analysis of some of the provisions of the NCC regarding the merger (the merger as reorganization, the definition of the merger, the effects of the merger on the contracts) meant to clarify the advantages and disadvantages of the new regulations.