Creative Commons

This dissertation was written for the purpose of fulfilling the academic requirements of my Master of Laws program in Transnational and European commercial law, Banking Law, Arbitration/Mediation at the International Hellenic University. This dissertation will examine the ways in which mergers result in the creation of stronger and more prosperous entities, albeit they can often be incredibly intimidating for employees and are not free from disadvantages. It will further consider how mergers could potentially cause an increase in the liabilities of the merging companies. Also, the fact that the creditors of the merging entities do not have a veto right against a merger creates a need for a specific protection mechanism for the creditors. A merger may also negatively affect the employees of the merging entities, especially those of the absorbed company. The merging employers often have to do some sheathing in staffing, particularly within human resources, finance and accounting departments. In some cases, entire departments or divisions are made redundant. Mergers have been historically linked to massive layoffs. Further to the above, this dissertation will also touch upon how“ over-protection” may defeat the purpose of a merger therefore it will become apparent that a fairly balanced protection mechanism is essential it goes without saying that in every institution, employment law related issues are bound to arise. This dissertation will study the rights and obligations arising between the employer and its employees and consider how employees could continue to participate in the board of companies after the cross – border merger.