UCITS Mergers – A Reminder

The UCITS merger regime came into effect pursuant to Directive 2009/65/EC (the "UCITS Directive"). In the years since Dillon Eustace advised on the first Irish merger under the UCITS merger regime in 2011, we have continued to regularly advise on domestic and cross-border UCITS mergers. In the intervening period, we have managed and dealt with a wide variety of legal and regulatory issues encountered by clients on the different aspects of the UCITS merger regime. While a brief summary of the UCITS merger process and the effects of each merger technique are set out in the Appendix to this note, a more detailed summary of the mechanics of the merger process can be found here. In this briefing, we have sought to outline some of the common queries and practical considerations that clients have encountered in our experience.