(1) In order to ensure the establishment of arrangements for the involvement of employees in the resulting company, the Standard Rules apply, from the date of its registration, to the resulting company if its registered office is located in the State and -

(a) the parties so agree, or

(b) no agreement has been concluded within the time limit specified in Regulation 84, and -

(i) the management or administrative organs of the participating company or companies decide to accept the application of the Standard Rules in relation to the resulting company and, on that basis, to continue with the cross-border operation, and

(ii) in the case of cross-border mergers only, the special negotiating body of the merging company has not made a decision under Regulation 79(2).

(2) In the case of cross-border mergers only, Part 3 of Schedule 2 applies to the successor company only if, before registration of the successor company -