Examination of draft terms of mergers, demergers and reorganisations

Under the Commercial Companies Code, where companies (de)merge or reorganise, their draft terms of (de)merger, which are to be filed with the registration court, must be examined by a certified auditor. The objective here is to express an opinion on draft terms of merger.
The opinion states whether the ratio applicable to the exchange of shares in merging companies was established properly and it identifies methods used to specify the terms for the exchange of shares.