Restructuring and Insolvency

TUPE and Liquidation Sales

The firm acted for the subsidiary of an AIM-listed entity in relation to its purchase of the business and assets from the liquidators of a Northern Irish company. In addition to advising on and negotiating the terms of the sale agreement, we also advised on the application of the relevant Transfer of Undertakings (Protection of Employment) Regulations in the context of a sale which was to be completed following appointment of the liquidators but prior to any subsequent ratification by the creditors of the selling company.