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Part 1 · General provisions  ›  Division 2 · Merger by absorption › Section 7

Termination of the merger agreement

If the merger agreement has been concluded subject to a condition and this condition has not been met within five years following the conclusion of the agreement, then each party may terminate the agreement after five years, observing a period of notice of half a year; the merger agreement may provide for a period shorter than five years. In all cases, the termination may be declared only as per the end of the fiscal year of the legal entity to which such notice is given.

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