Corporate Transactions, Restructures And Insolvencies

Understandably the focus of corporate transactions, restructures and insolvencies tends to be big ticket issues such as finance, tax and assets.

Immigration considerations are often overlooked, potentially resulting in hidden risks and headaches for those involved. In this article, we look at the implications of such scenarios in two key compliance areas: sponsor licences and the prevention of illegal working.

What is a sponsor licence?

In brief, a sponsor licence allows a business operating in the UK to employ migrant workers for certain prescribed jobs. There are currently over 78,000 sponsor licences registered with the Home Office and the numbers are continuing to increase post Brexit and as we recover from the pandemic. Accordingly, even if organisations have so far avoided a sponsor licence under the points-based system, the chances of stumbling into this world through acquiring a licensed business or team of sponsored workers are now significantly