In the excitement of a major new merger, acquisition, joint venture or outsourcing, managing people is an area that can often be neglected - but workforce concerns have a significant effect on the success of any major transaction.
Without a fully developed advance plan, a deal can be derailed and post-transaction integration made much more difficult – the human aspect of this area inevitably introduces significant complexity. If you’re an employer or manage a pension or retirement plan, it can seem like a daunting part of an already complex and significant deal. Our substantial global team of employment and pensions lawyers have specific experience working on corporate transactions, and work directly with the bodies making law and policy, in the UK, Europe, EMEA and the US.
We can be by your side from the start of deal planning and negotiations, guiding you towards the best possible outcome, and ensuring a smooth transition. You will get a seamless service, from initial scoping and deal structuring, through each step of the transaction, to signing, closing and integration. We have the experience to guide you through major international realignments, complex outsourcing and insourcing arrangements, and pre- and post-deal integrations of the workforce.
Our lawyers also have extensive experience carrying out due diligence and advising on the pensions and employee benefits aspects of corporate transactions, and where needed we will bring in colleagues from our tax and corporate law teams. We will also advise you on your relationship with government regulators, and what happens to pension and employee benefits rights and liabilities, as a result of the transaction. Executing the labor, employment, pensions and benefits components of a corporate transaction successfully can be a big challenge - make sure you’ve got dedicated legal support from the outset.
Our Corporate Transactions capability in Ireland
Eversheds Sutherland Ireland can help to navigate you through the employment aspects of corporate transactions, including the application of the Transfer of Undertakings Regulations (TUPE). This can be one of the most complex aspects of any corporate transaction and requires careful analysis of the transaction-specific facts to determine whether TUPE applies. Our lawyers are highly experienced in advising on the complex area of employment law.
Our lawyers are experienced in all employment aspects of corporate transactions. Our recent experience includes advising:
- a multinational professional services company on the divestiture of its insurance business to a competitor, including advising on the complex TUPE issues and redundancies which arose from the transaction.
- a multinational drinks manufacturer, marketer and distributor on the harmonization of terms and conditions of employment following the acquisition of a large drinks distributer
- an agri-chemical business on an 18-month long project involving the sale of the business across 37 jurisdictions with a value of $1 billion
- a statutory body on the employment law aspects of a tender process, including the provision of specific advice on the implications of TUPE on the successful award of a tender contract and the status of various categories of workers
- an insurance company on the acquisition of a competitor group of insurance companies, including extensive employment due diligence over 12 companies and 120 employees
Yhteyshenkilöt