Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

ACT definition

What does ACT mean? In corporate and banking practice, ACT usually refers to the Association of Corporate Treasurers, the UK-based professional body for corporate treasury professionals, rather than a statutory “Act”. It is not defined in legislation or case law; the acronym is market terminology used in transaction documents and governance materials. The Association of Corporate Treasurers promotes professional standards in liquidity management, funding, cash and risk management, foreign exchange and derivatives. It publishes guidance and a code of ethics and awards recognised qualifications (including AMCT and FCT). In legal contexts, references to “ACT-qualified” personnel or to ACT good practice may appear in treasury policies,...

EU/EEA cross-border mergers: UK implementation, procedure, Takeover Code, employee participation, case law, and Brexit impact (revocation of the Companies (Cross-Border Mergers) Regulations 2007)

Published by a LexisNexis Corporate expert

Practice notes

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NOTE: This archived Practice Note outlines the European framework for mergers between companies established in no fewer than two distinct member states of the eea, as it stood up to the end of the brexit implementation period.

Brexit impact

The position of UK companies regarding participation in EU cross-border mergers has been altered as a direct consequence of Brexit. Specifically, once the Brexit implementation period concluded, the Companies (Cross–Border Mergers) Regulations 2007 (the Regulations) were repealed by the Companies, Limited Liability Partnerships and Partnerships (Amendment etc.) (EU Exit) Regulations 2019, SI 2019/348. For further information and context, see the Proposed revocation of the Regulations following Brexit below. For more general details on the effect of Brexit on the UK takeover regime generally, see Practice Note: Brexit—UK takeover regime.

Background

The cross-border merger regime for companies operating across different EEA member states originates from Directive 2005/56/EC, the Directive on Cross-Border Mergers of Limited Liability Companies (the Directive), which in 2017 was consolidated with five other EU instruments in the field of company law by Directive (EU) 2017/1132 on certain aspects of company law (the Codifying Directive)...

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Web page updated on 21/05/2026

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