The Legal Implications of Corporate Acquisition A Comparative Study Between Yemeni Law and Jordanian Law

Abstract

This study analyzes the legal implications of corporate acquisition operations in Yemen and Jordan by examining the relevant legislative provisions and discussing the prevailing jurisprudential views. It highlights the legislative shortcomings surrounding the regulation of such operations and proposes appropriate legal solutions to address them. The study finds that neither the Yemeni nor the Jordanian legislation provides a detailed framework for regulating acquisitions, except for the Jordanian legislator’s reference to holding companies as a principal model of acquisition. It further reveals that acquisition does not result in the dissolution of the acquired company’s legal personality, as it retains its independent legal identity and financial autonomy. The study concludes by emphasizing the need for both Yemeni and Jordanian legislators to adopt a clear legal framework governing acquisition operations in a manner that ensures a balance between the interests of commercial companies and limits unlawful dominance within the economic environment.