Transfer of the business

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Acquisition of a business - a transaction involving the transfer of control over an economic activity of an enterprise from one group of investors to another (with the acquirer retaining its legal personality) in order to obtain the intended strategic or financial benefits, often without the consent of the current owners (hostile takeover) . Sometimes a takeover is the first step in the incorporation of an acquired business, resulting in only one entity remaining on the market.

The way of taking over the company

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The takeover does not take place in case of forced liquidation of the company. The rights and duties of the previous owner resulting from the employment contract on the day of the transfer are transferred to the new owner. The acquisition of an enterprise does not constitute a basis for the dismissal of workers, but labor law does not prohibit such exemptions for economic, technical or organizational reasons. Types of acquisitions Bibliography

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