In Soniawear Ltd v Central Electricity Board 2013 SCJ 422, the Supreme Court considered the effect of amalgamation on a surviving company. It was held that the amalgamation was a union of two or more companies and a continuation of the amalgamating companies as a single entity. An amalgamation does not deprive the amalgamated company of all the rights, powers, obligations and liabilities of the amalgamating company which are effected by operation of law. Thus, the tariff benefits previously enjoyed by one of the amalgamating companies were to continue with the surviving company.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.