When a business or part of a business is transferred from one employer to another as a result of a merger, transfer or sale.
Defined in Article 1.1(b) of Council Directive 2001/23/EC as a transfer of an economic entity which retains its identity, meaning an organised grouping of resources which has the objective of pursuing an economic activity, whether or not that activity is central or ancillary.
The term “virksomhetsoverdragelse” can be translated into 3 different English terms. Click on one that matches your context.
- 1. sale of a business
- 2. transfer of a business
- 3. transfer of undertaking
sale of a business
transfer of a business
transfer of undertaking