| Commentary

Implementation in the UK

| Commentary

Implementation in the UK

Restructuring by means of mergers has traditionally been uncommon in the United Kingdom. Instead, fundamental changes are, in general, effected through takeovers. The situation is the reverse on the continent where in many states takeovers were rarely used until recently and mergers were the common way to consolidate business. The UK government effectively admitted that the use of the new regulations by UK companies may be very small, but that the UK was obliged to introduce them. In implementing the Directive, the Government accordingly aimed to change the current domestic provisions as little as possible.1

The

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