When a business is sold, in the majority of jurisdictions we surveyed, the seller retains some liabilities in relation to employment matters.
In many countries, the seller of a business will retain some liabilities in relation to employment matters, from compliance with legal requirements, to employee litigation.
In 32 out of 49 countries we surveyed there is ongoing liability between the old and the new employer.
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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
