Amalgamation And Migration Under Mauritius Law

At a time when emerging technologies such as blockchain, cryptocurrency and FinTech dominate the offshore scene, it is important to maintain an outlook on other equally significant subject-matters which form the core of offshore commercial transactions.

This article endeavours to highlight the often forgotten concepts of amalgamation and migration of companies which underlie some fundamental M&A transactions.

Amalgamation

Definition

• No statutory definition;
• Consensus that it refers to merger and consolidation of companies into a single entity;
• The new entity acquires the assets and liabilities of each amalgamating company;
• Two domestic companies may amalgamate more freely than one domestic company and a company incorporated abroad;