TUPE rebooted — headlines for insolvency practitioners
The long-awaited reforms to the Transfer of Undertakings (Protection of Employment) Regulations 2006 have come into force.
The regulations (otherwise known as TUPE) often provide considerable protection to the employees of an insolvent business that is then sold on.
In the context of an administration, for example, the protection that employees have against dismissal or a variation to their terms and conditions is often a key factor. It will commonly affect both the price that a solvent buyer pays for the business and the timing of the deal…
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What’s in a name? Nothing, if there’s a number — what if the name and the BIC/account number don’t match?
Since 2007, all the major UK clearing banks have processed and routed electronic payments on the basis of sort code (or bank identifier code — BIC) and account number.
Got a company you no longer need? Perhaps it’s time to think about getting rid of it, freeing yourself of the burden of administration that comes with all corporate entities.
Analysis from The Lawyer
The Law Society recently published guidance to assist solicitors draw up Shariah-compliant wills, causing outrage in some quarters. Gateley’s Haroon Rashid explains the facts.