In spite of the positive role played by the merger in the life of the
merged companies, but it might negatively affect the creditors' rights,
as it leads to termination of such company and the end of its legal
personality and the transfer of its f
inancial disclosure to the merging
company or the new company.
Therefore, the creditors' rights would be jeopardized when the
financial position of any of the companies in the merger is insolvent,
which leads to weakness of general guarantee of creditors, so the
legislations stipulated on definition of the destiny of such debts, as
well as giving creditors the right to object on the merger if it would
jeopardizes their rights.
However, these legislations varied in regulation of it. This is the focus
of the research, i.e. around the legal regulation of creditors in objection
on the merger decision and the problems imposed by this regulation, as
the Syrian legislator regulated the right of objection.
