Commentary

222 Obtaining consent for a reorganisation by agreement

COMPANIES vol 11 acquisitions, mergers, demergers
| Commentary

222 Obtaining consent for a reorganisation by agreement

| Commentary

B: REORGANISATION BY AGREEMENT

222 Obtaining consent for a reorganisation by agreement

Where a company wishes to reconstruct, merge or divide, the first option which is likely to be considered is whether it is possible to carry out the reorganisation by agreement1. This will generally be possible if the company has power to do so under its articles of association2and, of course, if all the parties interested in the transaction consent. It may be more difficult to obtain the necessary consents than the company may imagine. This is because there will be many parties interested in

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