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What is Transfer of Undertakings Protection of Employment (TUPE)?

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 is something that often happens to insolvent companies where the insolvency practitioner sells the whole or certain assets to a purchaser who will carry on the business of the insolvent company. Employees of the insolvent company become employees of the new owner on the same terms and conditions.

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