We contributed the UAE chapter in this guide by Meritas as part of the global alliance of business law firms in the network.
The purpose of this guide is to give HR managers, in-house legal counsel and commercial managers an overview of employee rights and employer obligations when businesses are transferred, so they can better negotiate and implement cross-border transactions, but also more effectively manage staff transferring in and out of different jurisdictions.
The guide answers four key questions:
1. Do employees automatically transfer to the buyer when a business is sold?
2. Are there information and consultation (or other) obligations?
3. Can a buyer change employees’ terms and conditions after a sale?
4. What are the sanctions against non-compliant employers?
To read full article CLICK HERE and go to page 84
|Title:||Guide to employment law on a business sale: UAE chapter|
|Practice:||Corporate and M&A, Employment|