Considerations regarding the legal nature of merger-comparative law aspects

The problem of the legal nature of the merger has constituted a subject of debate and controversy in the literature and jurisprudence. The attempt to define the legal nature is a difficult step because merger is a complex process. This article presents the main currents of opinion and theories in the field from Europe and U.S. Also, this article aims to analyze the connections and differences between these theories and to present the strengths and the vulnerabilities aspects concerning the currents of opinion.