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PART IVEXERCISE OF MEMBER STATE'S OPTIONS UNDER THE EC REGULATION

Power of the competent authorities of a Member State to oppose the participation of a merging company governed by its law on public interest grounds (Article 19)

58.  A company of a type specified in relation to the United Kingdom in Annex 1 to the EC Regulation may not take part in the formation of an SE, whether or not it is to be registered in Northern Ireland, by merger if any of the competent authorities oppose it on public interest grounds before the issue of the certificate referred to in Article 25(2).