Legal Due Diligence · glossary
The UK regulations that move employees automatically to the buyer of a business. They apply on an asset deal, not on a share deal, where the company stays the employer. Sunrise was a share deal, so TUPE did not apply. Chapter 9
Explained in Chapter 9, People and Incentives, of Legal Due Diligence.
Also explained in M&A Foundations.
Someone will ask about TUPE. The name is short for the Transfer of Undertakings (Protection of Employment) Regulations 2006, which move employees to the buyer of a business automatically, on their existing terms. Sunrise is a share deal, so TUPE does not apply. The company stays the employer, and only its shareholder changes.Read Chapter 9, People and Incentives →
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