Law Structure: Law 4601/2019 consists of one hundred and forty-seven (147) articles, divided into five (5) parts, one for each of the main forms of transformations, plus the introductory part and the part with the final and transitional provisions.

In all these cases, the law of corporate transformations: (a) provides interested parties with the necessary legal tools for the effective achievement of their objectives, (b) ensures the uninterrupted and smooth continuation of the legal personality and corporate enterprise of the transforming entity, without the risk of degradation of the unity and integrity of the individual elements that constitute it, (c) guarantees the protection of the interests of employees, creditors, and partners of the transforming entity, and (d) enhances legal certainty and transaction security to the necessary degree.

The concept of corporate transformation is a generic term that covers any case of change in the business entity. The main categories of transformations are three (3): mergers, divisions, and conversions. Definitions vary and sometimes emphasize the outcome and other times the process.

Mergers, Divisions Law 2166/1993 encompasses: transformation of any form of business into a public limited company (A.E.) or limited liability company (E.P.E.), absorption of businesses of any form by an existing A.E. or E.P.E., merger of public limited companies, division of public limited companies provided that the divided entities are absorbed by existing A.E.s, contribution from an operating business of one or more branches or parts to an operating A.E., and merger of urban cooperatives under law 1667/1986 for the purpose of establishing a new urban cooperative.

Law 4601/2019 regulates all three (3) main categories of transformations: merger, division, and conversion. In these forms of transformations (merger, division, and conversion), all corporate forms (A.E., E.P.E., I.K.E., O.E., E.E., but also Urban Cooperatives, Limited Partnerships, joint ventures, European companies, and European cooperative companies) can participate in any capacity (as absorbing, absorbed, merging, dividing, contributing, benefiting, establishing (new) or converting), making it clear that companies of different types can participate in a transformation.

Following the regulations of Directive 2017/1132 as well as the previous law no. 2190/1920, mergers and divisions can occur either by absorption, by establishment of a new company, or by acquisition.