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Aspiring Lawyers - Applications & General Advice
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Asset Sale - TUPE
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<blockquote data-quote="RubySmithers" data-source="post: 47137" data-attributes="member: 6305"><p>Hi All,</p><p></p><p>I've been doing some research on asset purchase agreements, and I came across TUPE. I don't understand how TUPE is triggered in an asset sale.</p><p></p><p>If someone could provide me with a practical example of how TUPE would apply in an asset sale, I would be really grateful!</p><p></p><p>Edit @ 15:49:</p><p></p><p>Say, for example, I want to buy a premises which is owned by a chain of pubs (e.g. Weatherspoons). If I then decide that I will not be using that premises as a pub, instead I will be constructing an IT call centre in its place, what would be the implications for me in terms of TUPE? Essentially, I would have to make the existing pub employees redundant and take on new employees who have the requisite skills for my new business. How would TUPE fit into all of this?</p><p></p><p>Sorry if I am getting a little technical, I'm trying to understand it from a practical sense.</p><p></p><p>Ruby</p></blockquote><p></p>
[QUOTE="RubySmithers, post: 47137, member: 6305"] Hi All, I've been doing some research on asset purchase agreements, and I came across TUPE. I don't understand how TUPE is triggered in an asset sale. If someone could provide me with a practical example of how TUPE would apply in an asset sale, I would be really grateful! Edit @ 15:49: Say, for example, I want to buy a premises which is owned by a chain of pubs (e.g. Weatherspoons). If I then decide that I will not be using that premises as a pub, instead I will be constructing an IT call centre in its place, what would be the implications for me in terms of TUPE? Essentially, I would have to make the existing pub employees redundant and take on new employees who have the requisite skills for my new business. How would TUPE fit into all of this? Sorry if I am getting a little technical, I'm trying to understand it from a practical sense. Ruby [/QUOTE]
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