Directive (EU) 2019/2121 (the "Mobility Directive") which aims to abolish any barriers to the exercise of the freedom of establishment, will introduce a new system of rules on cross-border conversions and divisions for all Member States, similar to those of the existing cross-border merger regulations currently in force in Ireland.
The Mobility Directive seeks to meet the objective of an internal market without internal borders for companies.
Conclusion
The introduction of a harmonised framework for cross-border conversion and divisions will allow for new opportunities for Irish companies to restructure across various jurisdictions within the union. It will be interesting to see how the Mobility Directive is implemented in Ireland.