M&A Foundations · glossary
The UK Transfer of Undertakings (Protection of Employment) Regulations. On a business or asset transfer, employees move to the buyer automatically on their existing terms, and dismissals connected with the transfer are protected. A share sale does not trigger TUPE — the employer never changes — which is one of the practical differences between the two structures. Chapter 3
Explained in Chapter 3, Deal Types and Structures, of M&A Foundations.
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