Written by Côme de Girval, Capstan Avocats
If an employer finds itself in financial difficulties that involve liquidation or restructuring, employee entitlements could be at risk. Compulsory insurance schemes in some jurisdictions can provide employees with important guarantees.
By Jochen Saal
Acquiring a business on insolvency can have pitfalls, especially if it involves an employee occupational pension scheme. Will the German Federal Labour Court’s case law, which is favourable to acquirers, continue to apply following a recent European Court of Justice decision?
Der Erwerb eines Betriebs aus der Insolvenz kann Tücken haben – insbesondere, wenn die betriebliche Altersversorgung der Mitarbeiter im Spiel ist. Bleibt es hier bei der erwerberfreundlichen Rechtsprechung des BAG?
The COVID-19 pandemic has created unprecedented challenges for businesses worldwide and meeting those challenges unfortunately means that in some cases, redundancies are unavoidable. Ius Laboris lawyers across the globe have compiled a set of generally applicable tips for employers facing the need to restructure their businesses.
Dos and don’ts for international employers
By Vicky Carr, Firm: Sackers
Expedited as a result of the COVID-19 pandemic, the Corporate Insolvency and Governance Act 2020 (the ‘Act’) received Royal Assent on 25 June 2020. The Act is designed to provide businesses in financial difficulties with the flexibility and breathing space they need to continue trading and/or to explore a potential rescue or restructuring. This article examines its implications for pensions.
Key points
By Claeys & Engels
In mid-June, parties supporting the Belgian minority government agreed on a set of additional support measures for employers with a view to boosting the economy in the aftermath of the corona crisis. This article sets out details.
By Seffy Zinger and Asaf Nahum , Firm: Herzog Fox & Neeman
When a company is on the verge of insolvency directors and CEOs become subject to more enhanced scrutiny under Israeli law. This article, first published on the CTech website, provides guidance.
Noch kurz vor Weihnachten, gerade rechtzeitig für die Bewältigung der Pandemiefolgen hat der Bundesrat einem neuen Gesetzespaket zugestimmt. Darin enthalten ist das zum 1.1.2021 in Kraft getretene „StaRUG“. Das Gesetz ermöglicht ein insolvenzabwendendes Restrukturierungsverfahren, das auch dem Erhalt von Arbeitsplätzen dienen wird. Wir fassen die arbeitsrechtlichen Leitgedanken des Gesetzespakets sowie die Auswirkungen des StaRUG auf die Rechtsstellung von Arbeitnehmern und Arbeitnehmervertretern zusammen.
By Julia Wittig, Firm: Kliemt.HR Lawyers
The German Federal Labour Court has ruled that cabin crew of the insolvent Air Berlin were not entitled to compensation for the loss of their jobs.