The Mobility Directive EU 2019/2121 aims to harmonize cross-border conversions and amends the regime applicable to cross-border mergers and divisions. Its transposition was due on 31 January 2023. Germany and Luxembourg are currently in the final stages of adopting the relevant national laws.
As of 2023, companies envisaging corporate restructurings should prepare for a new regime applicable to mergers, migrations and conversions. While Luxembourg will apply the changes proposed by the Mobility Directive only to cross-border restructurings in scope, Germany has opted to extend its reform also to national conversions.
The GSK Update provides an detailed overview of the Mobility Directive.
