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The legal process involved in domestic mergers is considered in this article. European Union regulations are investigated, as well as their direct transposition into Polish legislation. The process itself always consists of managerial, ownership and registration phases. Nevertheless, these phases are not homogeneous and may take different courses depending on the provisions prescribed by the regulations. Several methods of measuring the time to complete mergers are presented. In the empirical part of the article, the definition of the private time to completion will be adopted, which assumes that that the procedure starts by drafting the terms of the merger and ends with the registration of the merger. The influence of different provisions on this measure is analyzed for the case of Polish domestic mergers. Moreover, statistical reasoning will be conducted for this market showing that several recent legal amendments have shortened the legal procedure involved in consolidation. Finally, some conclusions and suggestions for future research are presented in this paper.

The time to completion of a legal merger: General concepts, statistical analysis and the case of Poland