Re Interoute Networks Ltd and others

Company – Merger. Two applications for the sanction, under reg 16 of the Companies (Cross-Border Mergers) Regulations 2007, SI 2007/2974, of two linked cross-border mergers of companies within the Interoute group of companies were granted. The Companies Court decided that: (i) the formal requirements under reg 16(1) had been met; and (ii) the test set out in Diamond Resorts (Europe) Ltd, Re[2012] EWHC 3576 (Ch), regarding whether the courts had a discretion regarding the approval of a merger, had been satisfied.

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