• Insights

Does the seller retain liability in employment matters?

Global
02.05.22
1
When a business is sold, in the majority of jurisdictions we surveyed, the seller retains some liabilities in relation to employment matters.

 

In many countries, the seller of a business will retain some liabilities in relation to employment matters, from compliance with legal requirements, to employee litigation.

In 32 out of 49 countries we surveyed there is ongoing liability between the old and the new employer.

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Authors
Sophie Maes
Partner - Belgium
Claeys & Engels