The agreement referred to in Article L. 2372-2 also provides, for all rules relating to employee profit-sharing, for a level at least equivalent to that existing in the company being split up or which is to be transformed.
Where several forms of shareholding exist within the companies involved in the transaction, the special negotiating body which decides to implement the procedures provided for in 2° of Article L. 2372-6 shall first choose, under the conditions provided for in the first paragraph of Article L. 2372-4, which of these forms shall be applied within the company resulting from the cross-border transaction.
The management of the participating companies and the special negotiating body may decide, by agreement, to apply Chapter III of this Title.
A committee of the company resulting from a cross-border operation is set up when, at the end of the negotiation period provided for in Article L. 2352-9, no agreement has been reached and the special negotiation body has not taken the decision provided for in the second paragraph of Article L. 2372-4 or when the managers of the companies participating in the cross-border operation choose, without prior negotiation, to set…
In the case provided for in Article L. 2373-1, the company resulting from a cross-border operation may only be registered if the parties decide to apply the provisions of this Chapter and Chapter IV or if the directors of the participating companies undertake to apply them.
The provisions relating to the powers, composition and operation of the committee of the European Company, set out in Articles L. 2353-3 to L. 2353-27-1, are applicable to the committee of the company resulting from the cross-border operation for the implementation of the employee shareholding arrangements as defined in Article L. 2351-6.
Where the participation of employees within the companies participating in the cross-border operation concerns at least one third of the total number of employees employed by these companies, or where this threshold is not reached and the special negotiating body so decides, the form of employee participation in the administrative or supervisory body of the company resulting from the operation shall be determined after examination of the different national systems…
If only one form of employee participation exists within the participating companies, this system shall be applied to the company resulting from the cross-border merger, taking into account, for its implementation, the proportion or, as the case may be, the highest number of members concerned by participation rights in the administrative or supervisory body. If several forms of employee participation exist within the participating companies, the special negotiating body shall…
In the absence of an agreement by the special negotiation body on the choice of the form of employee participation, the directors of the companies participating in the cross-border operation determine the form of participation applicable. The applicable system is always based on the highest proportion or number of members of the administrative or supervisory body concerned by employee participation rights.
Where the applicable form of employee participation consists of recommending or opposing the appointment of members of the administrative or supervisory body, the company committee determines the conditions under which this form of employee participation is exercised. Where the chosen form of employee participation is election, the procedure is carried out in accordance with Articles L. 225-28 to L. 225-34 and L. 225-80 of the Commercial Code, with the exception…
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182, rue de Rivoli
75001, Paris France
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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
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