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ARTICLE · 19 JULY 2023

Mobility Regulations – Increased Cross-Border Restructuring Flexibility For (Re)Insurers

William Fry LLP
William Fry LLP
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William Fry LLP

William Fry LLP

William Fry advises leading Irish and international companies, covering both the public and private...

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The Mobility Regulations transpose Directive (EU) 2019/2121 on cross-border conversions, mergers and divisions (Mobility Directive) into Irish law.

European UnionInsurance

The European Union (Cross-Border Conversions, Mergers and Divisions) Regulations 2023 Mobility Regulations) were signed into law on 24 May 2023.

The Mobility Regulations transpose Directive (EU) 2019/2121 on cross-border conversions, mergers and divisions (Mobility Directive) into Irish law.

The Mobility Regulations introduce new procedures when contemplating cross border transactions (both into Ireland and out of Ireland). These procedures, known as cross border divisions and cross border conversions, offer companies a more streamlined and straightforward procedure when considering the movement of businesses and assets from one EEA member state to another. The Mobility Regulations also introduce more simplified rules for cross-border mergers revoking the previous European Communities (Cross Border Mergers) Regulations 2008. William Fry LLP is advising a number of clients in relation to the Mobility Regulations. We anticipate that the new cross-border

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