The article addresses the issue of conversion and its implications for shareholders in transformed companies, in particular whether the risk of defective acquisition or the taking up of shares in a transformed company is eliminated or limited as a result of the transformation and issuance to the shareholder of stocks in the transformed company in exchange for previously held shares. The analysis covers the transformation of a company into another company as part of an M&A transaction. The author considers the possible risks connected with this manner of managing the issue of transactions and presents his viewpoint.

The full text of this article is available for download in Polish. If you are interested in an English-language version or in discussing the issues raised herein with one of our lawyers, please contact: kontakt@gessel.pl