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ARTICLE · 15 JUNE 2023

Corporate Update: The Mobility Directive Has Come Into Effect In Ireland

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The Mobility Directive has come into effect in Ireland but what does this mean for Irish limited liability companies?

IrelandCorporate/Commercial Law
Edon Byrnes
Edon Byrnes
Sharon Meaney
Sharon Meaney
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The Mobility Directive has come into effect in Ireland but what does this mean for Irish limited liability companies? In dealing with limited liability companies within the European Union (the EU), the Mobility Regulation:

  1. provides for the first time, a harmonised, streamlined regime for cross-border conversions and divisions
  2. amends the existing legislation relating to cross-border mergers

Ultimately, the Mobility Directive along with the Mobility Regulation will facilitate group companies within the EU, to restructure when required as part of companies' life cycles.

The new legislation

The Directive (EU) 2019/2121 of the European Parliament and of the Council of 27 November 2019 amending Directive (EU) 2017/1132 as regards cross-border conversions, mergers, and divisions (the Mobility Directive), was brought into effect in Ireland on 26 May 2023 by way of the European Union (Cross-Border Conversions, Mergers and Divisions) Regulations 2023 (the Mobili

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