Merger of Companies and its Impact on Partners and Shareholders
Date
2018-10-01
Authors
Sinnawi, Abd Al-Raof
Journal Title
Journal ISSN
Volume Title
Publisher
European Journals Inc.
Abstract
The present study deals with the reasons and importance of merger of companies in
Palestine. The study approaches the issue in two sections: the first defines the concept of
merger, focusing on its definition, forms, and scope of application. The second section
examines potential impacts on partners and shareholders. It is divided into four subsections:
partners’rights during merger; shareholders’ right to manage the merging or the new
company; partners’ right to object to the merger proposal; and right to appealagainst
merger decisions.
The researcher concludes that, because company merger has not been sufficiently regulated
by the Palestinian law, the applicable Jordanian Company Law No. 22 of 1997 is applied in
Palestine. Regarding the issue of determining the shares of partners and shareholders, it
isargued that more than one criterion should be considered, and that the exchange rate
should not be restricted or determined by the shareholders.
Description
Keywords
Merger of companies , merger in Palestine , competition law Palestine , companies Palestine