Retragerea acţionarului sau asociatului din cadrul societăţilor ca urmare a fuziunii transfrontaliere
Withdrawal of the shareholder or associate from companies as a result of the cross-border merger

Summary/Abstract: The cross border merger is allowed by the Romanian legislation only in the case of joint stock companies, partnership limited by share, limited liability companies, as well as in the European companies having their registered office in Romania. If the cross border merger has been approved, the associations or, as the case may be, the shareholders of the company that in the general meeting did not vote in favor of adopting the approval decision, have the right to withdraw from the company, but also the right to request that the company they buy their membership shares or the stakes they own. The right of withdrawal will be exercised both in the case of the shareholders of the joint stock companies or in the partnership limited by share, and in the case of the limited liability companies, according to the provisions of art. 134 of the Companies Law, which regulates the withdrawal of the shareholders.

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