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Business transfers across Europe

1. Juni 2010

In 1977 the Acquired Rights Directive ("Directive") was adopted by the Council of the European Communities in order to safeguard employees' rights in the event of transfer of businesses or parts of businesses ("business transfer") as a result of legal transfers or mergers. It was amended in 1998 and consolidated in Directive 2001/23. Member states were obliged to implement it in its amended form by 17 July 2001. This client note aims to give an overview of the conditions and implications of a business transfer for a selection of jurisdictions across the European Union.
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