Employment due diligence—share and asset purchases
Employment due diligence—share and asset purchases

The following Employment practice note provides comprehensive and up to date legal information covering:

  • Employment due diligence—share and asset purchases
  • Introduction to the due diligence process
  • Due diligence—the buyer's perspective
  • Due diligence—the seller's perspective
  • Auction sales and data rooms
  • Relationship with disclosure
  • Level of detail required
  • Timing of due diligence
  • Responding to the due diligence questionnaire—the seller
  • Dealing with responses to the due diligence questionnaire—the buyer
  • More...

IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s withdrawal from the EU. At this point in time (referred to in UK law as ‘IP completion day’), key transitional arrangements come to an end and significant changes begin to take effect across the UK’s legal regime. This document contains guidance on subjects impacted by these changes. Before continuing your research, see Practice Note: Brexit and IP completion day—implications for employment lawyers.

This Practice Note provides employment lawyers with an introduction to the due diligence process in which they will be involved as advisers to the seller or the buyer prior to the acquisition of shares in a private limited company or the acquisition of a business and its assets (the target). It also considers the factors affecting the nature and extent of due diligence that an employment lawyer for the buyer or seller should consider.

For more detailed guidance on the particular issues to consider in employment due diligence on a share purchase, see Practice Notes:

  1. Share purchases—employment issues acting for the buyer, and

  2. Share purchases—employment issues acting for the seller

For further information on complying with data protection obligations under Retained Regulation (EU) 2016/679, UK General Data Protection Regulation (UK GDPR) and the Data Protection Act 2018 (DPA 2018) during due diligence

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