To carry coals to Newcastle would be to write about the effects of globalisation upon world business in a business or legal magazine. Indeed, the effects of globalisation are clearly visible and very present in today’s business climate and every company hoping to succeed in worldwide competition needs to be aware of any new developments.
The European Union (EU), faced with enlargement by 10 new member states in Central and Eastern Europe, made it one of its priorities to make the most of the internal market. One of the ways to achieve this priority was to enable the restructuring of holdings not only in a single country, but also on an EU-wide basis. For such purposes, apart from the European corporate forms of European Society and European Cooperative, the process of cross-border mergers is tailor-made.
