Transfer of company (corporate employment law)

Transfer of company (corporate employment law)

If an enterprise takes over certain activities, staff and, for example, machines and inventory or the customer base of another company, there may be a transition of enterprise.

This can be established on the basis of all the facts of the specific case. A transfer of undertakings has the effect of enabling the employees of one company to be legally employed by the acquiring undertaking, retaining their rights and duties vis-30 vis-ed the acquiring undertaking. The former employer shall also remain liable for the fulfilment of obligations already incurred before the transfer, in addition to the transfer, in addition to the new employer.

Given the large interests that may be involved in a transfer of company, it is advisable to seek legal advice in the event of a proposed acquisition or liabilities transaction. Naturally, our lawyers are happy to serve you.