Employer Insolvency - An Introduction to Key Employment Law Issues for Corporate Advisors

Introduction

In the current landscape, more and more companies will be facing financial distress and will need to consider using insolvency procedures.

This provides many opportunities for potential buyers, but they need to be aware of the potential employment liabilities and risks involved that can be significant and which can affect the commercial viability of any proposed purchase.

This new webinar will provide you with an understanding of the employment law issues which arise in administration and compulsory liquidation and practical tips for the proposed buyers of businesses in distress to help mitigate potentially significant risk and liabilities.

It is aimed at in-house counsel or lawyers advising on the purchase of businesses subject to insolvency procedures.

What You Will Learn

This webinar will cover the following:

• Summary of the effect of insolvency procedures on contracts of employment
• Employee protection: preferential debts and liabilities recoverable from the National Insurance Fund
• The effect of TUPE where there is a purchase of a business from a company in compulsory liquidation or administration; looking at the position of the employee and the proposed buyer, including an overview of potential risks and liabilities
• TUPE and furlough
• Practical ways for a proposed buyer to mitigate employment risk in an insolvency situation

This webinar was recorded on 18th September 2020