Informing employees about insolvency – there are strict legal guidelines covering how employees are to be treated before, during and following an insolvency action, these include communication methods and protected TUPE transfer rights after a business sale.
At Lawson-West we have a large employment law team who can advise on the insolvency impact of any employee, and the correct procedure to follow. Every employee’s position is different based on the number of years they have been employed and their employee status, ie. full time or part time, temporary or permanent, bonuses to be paid, self-employed, holiday entitlements etc.
Not only can we advise on the process of insolvency procedures upon employees, we can help to identify the legal implications of insolvency on the business and the workforce as a whole.
Depending on the type of insolvency action, we can help your business to create a redundancy action plan to help your business survive the folding of the current business and to maintain key employees into a future business entity (if relevant), or how best to inform a workforce that the business is liquidating forever and the impact that would have for both directors, senior management and all employees.
Contact Us Our experienced Litigation and Disputes team of lawyers and solicitors is here ready to help you further in any insolvency action or litigation. We act for business directors and business owners and we can advise and provide support.
