Valid from 01/04/2009
Transparent entitiesU.K.
687Disapplication of Chapter where transparent entities involvedU.K.
(1)This section applies if one or more of the merging companies is a transparent entity.
(2)If as a result of the merger the assets and liabilities of a transparent entity are transferred to another company, this Chapter does not apply in relation to the transfer.
(3)In this section “transparent entity” means a company which is resident in a member State other than the United Kingdom and which does not have an ordinary share capital.