S.L. 452.103 Art. 5Transfer of rights and obligations. S.L. 452.85

Without prejudice to article 38 of the Act and to the

Transfer of Business (Protection of Employment) Regulations, the rights and obligations arising from contracts of employment or employment relationships between employees of the merging companies and the merging companies and existing at the date on which the cross-border merger takes effect shall, by reason of that cross-border merger taking effect, be transferred to the company resulting from the cross-border merger on the date on which the cross-border merger takes effect.