Employment Aspects of Business Transfers & M&A

Employment Aspects of Business Transfers & M&A

When a business or part of a business changes hands, its people are often the most sensitive part of the deal. Cyprus law — implementing the EU rules on the transfer of undertakings — protects employees when the business they work in is transferred, and imposes real obligations on both the outgoing and incoming employer.

We advise buyers, sellers and employees on the employment dimension of transactions, working alongside our Corporate & Commercial team so the deal holds together as a whole.

What we advise on

• Whether a transaction triggers the transfer-of-undertakings rules
• Automatic transfer of employees and the preservation of their terms
• Information and consultation obligations before a transfer
• Protection of employees against dismissal connected with a transfer
• Employment due diligence — identifying workforce liabilities before completion
• Harmonising terms and managing the workforce after a transfer

For buyers and sellers

We help you identify employment risk early, meet your consultation duties, and avoid the employee claims that can follow a poorly handled transfer.