Perhaps one of the most complex areas of all, this legislation can have a massive impact on the ability of your business to move forward if you overlook employees’ rights during the buying or selling process.
Due diligence should always be conducted by an expert to ensure there are no obligations which could prove difficult for new owners to sustain. If changes are needed there are particular circumstances that must be met.
The legislation requires consultation with affected employees and fines can be imposed for a failure to do so.
And don’t overlook the fact that TUPE liability is shared between both parties, i.e. buyers and sellers.
Read how we successfully managed a complex TUPE transfer here.