Articles

Our articles are published by Sarah Stoddart. Sarah writes our articles on changes to legislation, relevant case law and other topics of interest to keep clients informed and up to date.

When to tell your staff you’ve sold

When to tell your staff you’ve sold

A sale of business results in all employees being terminated by the seller with effect from close of business on the day before the settlement date. All employees must be given prior notice of termination and either required to work out the notice period or paid in lieu of notice.

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What actually happens on settlement day?

What actually happens on settlement day?

Clients often ask us whether they are need to attend settlement and what actually happens on settlement day.  Below is a snapshot of how a settlement unfolds.   Location Irrespective of whether the settlement is the sale or purchase of a business or property, the...

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Recognising Service on Transfer of Business

Employees are one of the most important and valuable assets of any business. However, when the business is transferred to a new owner, it is common that not all employees are retained or, if retained, not retained on the same terms. If a decision is made to change the number of employees or any terms of employment, it is important that it is dealt with, and documented, correctly.

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