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Transfer of business
A transfer of business may result in the employees of the acquired business being transferred to the acquiring business. This means the buyer of the business not only gets the employees, but also their rights and obligations.
Sometimes, it is not clear whether a transfer of business has taken place. To this end, it is also necessary to look at, for example, the legislation and regulations at the European level, and there are a number of judicial decisions that are important in order to be able to assess whether a transfer of business has taken place.
In order to provide insight into the risks, it is important to make clear agreements with the selling party. For example, what happens if the seller goes bankrupt after the transfer and the employees were still entitled to back wages and holiday pay? In order to avoid unpleasant surprises and to limit risk, we are happy to guide you through the sales process.