27/03/2019 (Agence Europe) – On Wednesday 27 March, the Committee of the Permanent Representatives of the Governments of the Member States to the EU (Coreper) approved the provisional Interinstitutional Agreement (see EUROPE 12213/24) on the proposal for a Directive contained in the ‘Company Law’ Package establishing harmonised procedures for cross-border divisions and conversions and a targeted review for mergers (see EUROPE 12009/8). In particular, the new rules establish procedures to verify the legality of cross-border transactions and introduce a mandatory anti-abuse control procedure. According to a European source, the Netherlands has indicated that it will abstain when the text is finally adopted and Estonia has indicated that it has not yet finalized its position. The European Parliament's Committee on Legal Affairs (JURI) will make a decision on this text at the beginning of April. The whole legislative package on ‘company law’ is expected to be adopted at the second plenary session in April. See the wording of the agreement: https://bit.ly/2FuD46S (Marion Fontana)