On 2 November 2006, the government submitted a proposal (Prop. 2006/07:2) to implement the 2005 amendments to the EC-Merger Directive (Directive). If approved, the new rules will apply from 1 January 2007. Details of the main amendments are summarized below. Under the Directive, partial division means an operation whereby a company transfers, without being dissolved, one or more branches of activity to one or more (existing or newly formed) company or companies, leaving at least one branch of activity in the transferring company. In exchange, the shareholders of the transferring company receive new securities in the recipient company or companies...