Newsletter
TREATMENT OF BRANCH OF-FICES OF ABSORBED COMPA-NIES
In the past the MOEA consistently took the view that when a company was absorbed in a merger, the juristic personality of its branch office was extinguished along with that of the company itself, and that accordingly the registration for dissolution of such branch office should be ef-fected at the same time as the company's regis-tration for merger was effected; it could not be directly registered as a branch office of the sur-viving company.
However, in response to the practical need, the MOEA has changed its position. In an an-nouncement dated 5 November 2001, it stated that when companies merge, branch offices of the absorbed company can be directly reregis-tered by the surviving company as its own branch offices.