If a deal involves businesses in several different countries, project managers may not be familiar with the implications of local law for the deal as a whole. Our experience shows that this is particularly the case where deals involve European jurisdictions.
Our comparative guide to information and consultation on business sales will guide you through the key issues in asset and share sales, including:
- How employees transfer to a purchaser;
- Employee information and consultation requirements, including whether consultation has to take place before signing or before completion and how to facilitate pre-signing consultation requirements;
- Typical timescales for information and consultation; and
- The potential consequences of failing to comply with employee consultation requirements.
The issues surrounding employee information and consultation are complex and can be politically sensitive. Clients can keep up to date with the current position by accessing our employee information and consultation guide.
Authored by Jo Broadbent and Ed Bowyer.