Fuziunea și divizarea societăţilor comerciale - forme de reorganizare în contextul noilor reglementări (Merging and Splitting Company - Forms of Reorganization in the Context of the New Regulations)

34 Pages Posted: 5 Jan 2014

See all articles by Constantin Enea

Constantin Enea

University Constantin Brancusi of Targu-Jiu

Date Written: October 31, 2011

Abstract

Romanian Abstract: Din punct de vedere juridic, operatiunile de fuziune si divizare sunt reglementate prin Legea nr. 31/1990 privind societatile comerciale, republicata, cu modificarile si completarile ulterioare (art. 233-245).

Fuziunea este operatiunea prin care doua sau mai multe societati comerciale hotarasc separate transmiterea elementelor de activ si de pasiv la una dintre societati sau infiintarea unei noi societati comerciale in scopul desfasurarii comune a activitatii. Divizarea se face prin impartirea integrala a elementelor de activ si de pasiv ale unei societati comerciale care isi inceteaza existenta, intre doua sau mai multe societati comerciale existente ori care iau astfel fiinta.

Fuziunea sau divizarea are ca efect dizolvarea, fara lichidarea societatii comerciale care isi inceteaza existenta, si transmiterea universala a elementelor sale de activ si de pasiv catre societatea sau societatile comerciale beneficiare, in starea in care se afla la data fuziunii sau a divizarii. Data fuziunii sau a divizarii reprezinta data transmiterii efective a elementelor de activ si de pasiv si a inregistrarii la registrul comertului. Societatea comerciala nu isi inceteaza existenta in cazul in care o parte din elementele de natura activelor si pasivelor ei se desprind si se transmit catre una sau mai multe societati comerciale existente ori care iau astfel fiinta.

Noile reglementari legale aduc clarificari in privinta regimului fuziunilor si divizarilor societatilor comerciale. Practica va decide insa in ce masura aceste modificari ofera un cadru legal adecvat pentru desfasurarea acestor operatiuni. Cel putin in privinta regimului fuziunilor, vor mai exista modificari viitoare, avand in vedere necesitatea implementarii de catre Romania a Directivei privind fuziunile transfrontaliere.

English Abstract: In terms of legal, merger and division are regulated by Law no. 31/1990, republished, with subsequent amendments (art. 233-245).

Fusion is the operation by which two or more companies decide separately transfer of assets and liabilities from one company or establishment of new companies for the purpose of carrying out joint activities. The division is made by dividing the full assets and liabilities of a company which ceases to exist, between two or more existing companies or taking such being.

Merger or division has the effect of dissolution without liquidation of the company which ceases to exist, and its elements of universal transmission assets and liabilities to the beneficiary company or companies, in the state is on the merger or division. Date of merger or division is effective the date of transmission assets and liabilities and registration at the Trade Register. Not the company ceases to exist if some of the items of assets and liabilities and send them off to one or more existing companies or taking such being.

The new regulations clarify the legal regime with regard to mergers and divisions of companies. Practice will decide to what extent these changes but provides an adequate legal framework for carrying out these operations. At least on the mergers regime, there will be future changes, given the need to implement the Directive on cross Romania.

Note: Downloadable document is in Romanian and English.

Keywords: fuziune, divizare, eficientizare, mediul de afaceri european, fusion, division, efficiency, European business

JEL Classification: K19

Suggested Citation

Enea, Constantin, Fuziunea și divizarea societăţilor comerciale - forme de reorganizare în contextul noilor reglementări (Merging and Splitting Company - Forms of Reorganization in the Context of the New Regulations) (October 31, 2011). Annals of the Constantin Brancusi University - Juridical Sciences Series, No. 3, 2011, Available at SSRN: https://ssrn.com/abstract=2297813

Constantin Enea (Contact Author)

University Constantin Brancusi of Targu-Jiu ( email )

Eroilor Street No.30
Targu Jiu, Gorj
Romania

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