By Paul Sutton - 9 March 2016
This article is very kindly contributed by Daniel Pollard and Richard Harvey, partners at the specialist employment law firm GQ Employment Law LLP. Their contact details are set out at the end of the article.
The purpose of this article is to highlight some of the HR issues that every tax professional, CEO and CFO needs to think about when planning a group reorganisation. It is not intended as legal advice but simply to highlight some of the key issues that may impact timing, cost or overall project feasibility.
We have in mind an internal group reorganisation affecting one or more subsidiary entities in the UK. This would typically involve a transfer of shares or assets in a subsidiary. The reorganisation may be for a number of reasons – perhaps driven by regulation, tax structuring, group simplification or to “hive off” part of the group ahead of a sale.
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