Employment News — 14 April 2014: parental control: employees were TUPE transferred after share purchase by subsidiary
Jackson Lloyd (JL) employed more than 400 people working at various sites on social-housing maintenance. When JL got into financial difficulties, its shares were bought by a subsidiary of Mears Group (MG). From the date of the share purchase, MG took over the running of JL, imposing major changes through its integration teams and telling the employees they would be moving to MG. For commercial reasons, to avoid triggering a re-tendering process for JL’s contracts, the outward appearance given was that JL was an autonomous competitor of MG. However, the tribunal found that in reality, from the date of the share purchase, JL was merely a trading name and day-to-day control of its business activities had passed to MG. Apparently, the employees knew nothing of the existence of the subsidiary at the time…
Click on the link below to read the rest of the Hogan Lovells briefing.
News from Hogan Lovells
News from The Lawyer
Briefings from Hogan Lovells
The decision of the US Court of Appeals has raised questions about how issuers should present their disclosures on conflict minerals under Exchange Act Rule 13p-1 and Form SD.
An interesting judgment was delivered by the Honourable J Majiki on 19 November 2013 in the Eastern Cape High Court, Port Elizabeth.
Analysis from The Lawyer
As international firms question their future in these small, closely linked markets, local lawyers too are eyeing the business environment with caution
Beyond the headline infrastructure projects, UK construction work is still recovering from the clobbering it took during the slump