The decision pronouncing the annulment of a merger or a division shall be published within one
month from the day the decision became final.
It shall have no effect on obligations on or in respect of the companies to which the asset(s) are
transferred between the date of entry into force of the merger or division and the date of
publication of the decision pronouncing the annulment.
In case of a merger, the companies which took part in the transaction shall be jointly and
severally liable for the execution of the obligations mentioned in the preceding paragraph to be
borne by the acquiring company.
The same shall apply, in case of a division, to the company being split, for the obligations of the
companies to which the assets are transferred.
Each of the companies to which the assets are transferred shall be liable for the obligations to
be borne by it between the date of entry into force of the division and the date of publication of
the decision pronouncing the annulment.
Official translation
Spot-checked
In force from 17 April 1997
Source page 61