Article 86r Consequences of a cross-border conversionF1

A cross-border conversion shall, from the date referred to in Article 86q, have the following consequences:

1. (a)

   all the assets and liabilities of the company, including all contracts, credits, rights and obligations, shall be those of the converted company;

2. (b)

   the members of the company shall continue to be members of the converted company, unless they have disposed of their shares as referred to in Article 86i(1);

3. (c)

   the rights and obligations of the company arising from contracts of employment or from employment relationships and existing at the date on which the cross-border conversion takes effect shall be those of the converted company.