German M&A market's hope of recovery dashed, warn senior lawyers, as EU ministers back compromise code
December 15, 2004 at 07:03 PM
1 minute read
The original version of this story was published on Legalweek
Hopes of a recovery in the depressed German M&A market have been dealt a further blow, senior lawyers warn, following last month’s approval of the European Union’s (EU’s) long-delayed common takeover code.
Lawyers are warning that the compromise proposals on the directive approved by EU ministers on 25 November, which protect the German tradition of worker representation, will be a major hurdle to cross-border deals.
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