Private Equity (Transfer of Undertakings and Protection of Employment) Bill

The Bill seeks to introduce greater employment protection for employees who work in businesses which are changing ownership by share transfer.

Key areas

• The Bill proposes to make certain provisions of the transfer of undertakings regulations (known as TUPE) apply where there is an ‘equity transfer’

• Powers are given to the Secretary of State to define in detail the scope of transactions that would be caught by the provisions.

The Bill was withdrawn at Second Reading.