Reorganization of a joint-stock company in the form of merger (amalgamation): theoretical and practical aspects

The present article is devoted to a comprehensive study of the legal regulation of the reorganization of a jointstock company in the form of merger (amalgamation) within the system of civil and corporate law of the Republic of Kazakhstan. The relevance of this subject matter stems from several key aspects. These include the inherent complexity involved in accurately categorizing the procedural phases and the requisite documentation. Furthermore, we can consider the importance of establishing consistent as well as unified parameters for describing the scope of authority (competencies) among the respective corporate governance structures. Finally, the demand for defining clear standards governing universal succession concerning the corporation’s full complement of assets, obligations (liabilities), and ownership rights (corporate rights) can be included as well. Doctrinal approaches to succession, limits of liability, time frames, and evidentiary requirements are analyzed. The study also addresses issues of risk allocation, the moment of completion of reorganization and transfer of property rights, as well as the consequences of procedural delays. The results include substantiated conclusions and recommendations aimed at enhancing legal certainty, unifying approaches, and improving merger procedures within the commercial turnover of the Republic of Kazakhstan.

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