Transfer Of Undertakings – Matters for Vendors and Purchasers to Consider when Transferring a Business
The European Communities (Protection of Employees on the transfer of Undertakings) Regulations 2003 (S.I.NO.131 of 2003) places a legal obligation on both the owners and the proposed purchasers in relation to Employees which transfer within a business. Regulation 8 imposes an obligation on the current owner of the business and the proposed purchaser to inform …