Distressed businesses — the employment dimension
Prevention, safeguard, receivership and liquidation, from both employer and employee standpoints.
The approach
In insolvency proceedings the employment strand has its own timetable, its own authorisations and its own funders. Redundancies authorised by the supervising judge, cover by the wage guarantee scheme and works council consultation follow short deadlines that do not line up with the commercial proceedings.
The firm acts for the company, its director or the employee representatives — never for all three in the same matter. It works upstream while the difficulty is still reversible, through ad hoc mandates and conciliation, because that is when the range of employment options is widest.
Matters handled
- Employment aspects of ad hoc mandates and conciliation
- Redundancies authorised during the observation period
- Dealings with the administrator, the insolvency practitioner and the wage guarantee scheme
- Works council consultation on the sale plan
- Treatment of employment contracts on a business sale
- Wage claims: filing, schedules, challenges
Your point of contact
A matter to put to us?
A first exchange allows conflicts of interest to be checked and tells you, with no commitment and no charge, whether the firm can act and within what timescale.
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