The Transfer of Undertakings (Protection of Employment) Regulations (TUPE) protects employees’ terms and conditions when a business is transferred from one owner to another. This can happen to insolvent companies if the insolvency practitioner sells the whole of the business or certain assets of the business to a purchaser. Employees of the insolvent company become employees of the new owner on the same terms and conditions.
Does accepting a new job offer before the date of redundancy prevent a director making a claim for redundancy to the RPS
If you are looking to close your limited company, you may have attempted to strike it off by submitting a DS01 form to Companies House. This process is also sometimes referred to as dissolving or company dissolution.
A Creditors’ Voluntary Liquidation (CVL) is an official procedure whereby a company’s assets are liquidated in order to pay creditors. It’s typically initiated by directors when their company becomes insolvent and there is no hope of business recovery.
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