Re MDNX Group Holdings Ltd and others

Competition – Merger. The Companies Court allowed in part an application to approve two parts of a merger. The court held that the second part of the merger would be approved. However, the jurisdictional requirement in reg 16(1)(b) of the Companies (Cross-Border Mergers) Regulations 2007 SI 2007/2974 had not been satisfied in respect of the first part of the merger, and the court could not make an order approving its completion.

Category: