Our extensive expert legal support will guide you through reorganising, restructuring or making redundancies. At a glance
- If you are making redundancies, reorganising or restructuring your business, following the correct legal procedures and using the right documentation will help prevent future problems.
- As these processes can be complex, it’s advisable to have expert legal support from the start.
- We can provide comprehensive and practical support, combining our employment expertise with our commercial and corporate departments when appropriate, to provide a seamless service.
Making employees redundant, or reorganising or restructuring your business can be daunting. Each of these situations require you, as the employer, to follow the correct procedure. It’s important you understand those procedures and your company’s position throughout, making it highly advisable to call on expert legal support at the earliest possible stage.
If it is necessary to make redundancies, you’ll need to correctly identify who you should inform and consult with. As well as the individuals concerned, this may include trade unions or employee representatives. It’s essential you understand what redundancy means in the legal sense, that you follow the correct procedure and apply it fairly. This will reduce the chances of employees bringing claims against you, for example for unfair or wrongful dismissal.
If you’re unsure about any aspect of the process, or simply want clarification about the legal aspects, please ask us for advice.
There are many reasons why you may decide it is time to reorganise your business group. For example, it could be:-
- For tax reasons;
- As a precursor to acquiring a company or business;
- As a precursor to selling a company or business; or
- As a result of an acquisition or to increase business efficiency.
Whatever the reason, any company law issues or issues concerning consent from third parties need to be identified at the outset. We can help ensure you follow the correct procedure, produce a suitable timetable for you and make sure all the correct paperwork is prepared and filed within the required timescales.
If your company is in financial difficulty, the creditors may agree to restructure the company’s liabilities so that the business of the company can survive. In order for a restructure to take place, a contract is usually drawn up between the company and the creditors.
Our team will ensure the contract is tailored specifically to your company’s needs, so that the best terms are agreed and your business has the strongest possible chances of survival.
As well as the expert knowledge of our specialist employment team, we can draw on the expertise and experience of our colleagues in our corporate, commercial and insolvency departments, to support you with comprehensive, up to date and practical advice.
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Guidance for Employers Coronavirus (COVID-19) and employment law
Katherine Maxwell | 20.03.2020
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