Cryptoassets are traded on a global basis. Indeed, the markets are even more global and constant than markets in more conventional financial instruments, rivalled only perhaps by the FX markets in their reach.
Global, USA, Delaware, Banking, Compliance Management, Insolvency & Restructuring, IT & Data Protection, Collyer Bristow LLP, Corporate governance, Blockchain, Due diligence, Cryptocurrency
The EAT's judgment
United Kingdom, Employment & Labor, Insolvency & Restructuring, Litigation, Gowling WLG, Contractual term, Bankruptcy, Debt, Liquidation, Prejudice, Transfer of Undertakings (Protection of Employment) Regulations 2006 (UK), Transfers of Undertakings Directive (2001/23/EC), Employment Appeal Tribunal
Pre-2006, it was always clear that TUPE applied to transfer employees working in a business when it was bought out of administration. However, changes in 2006 provided that the automatic transfer principle would not apply to any transfer of a business or undertaking where the transferor was the subject of bankruptcy proceedings, which had been 'instituted with a view to the liquidation of the assets of the transferor'.
United Kingdom, Employment & Labor, Insolvency & Restructuring, Litigation, Gowling WLG, Contractual term, Employment tribunal, Liquidation, Unfair dismissal, Transfer of Undertakings (Protection of Employment) Regulations 2006 (UK), Employment Appeal Tribunal