Transfer of business (01-JUN-05) Corporate Counsel

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Transfer of business (asset deal) - new case law.(Germany)

Publication: Corporate Counsel

Publication Date: 01-JUN-05

Author: Magotsch, Michael ; Kirchner, Jens

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GERMANY

Coudert Brothers LLP

Frankfurt

The central regulation concerning employee rights in case of a transfer of business (asset deal) is Sec. 613a of the German Civil Code (BGB). It was mostly implemented to the German Law due to several European Union Directives regarding the transfer of undertakings, namely...

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