Companies Act 2006: Primary legislation governing company operations, mergers, acquisitions, and corporate structure in the UK. Key foundation for business takeovers.
Enterprise Act 2002: Legislation focused on competition law and merger control, including provisions for review of mergers and acquisitions that might affect market competition.
TUPE Regulations 2006: Transfer of Undertakings (Protection of Employment) Regulations protecting employees' rights during business transfers and takeovers.
Financial Services and Markets Act 2000: Regulatory framework for financial services businesses and markets, crucial if the takeover involves regulated financial activities.
UK Competition Act 1998: Legislation prohibiting anti-competitive behavior and abuse of dominant market positions during business combinations.
Enterprise and Regulatory Reform Act 2013: Updates to competition law and regulatory framework, including changes to merger control regime.
Employment Rights Act 1996: Core employment legislation protecting workers' rights that must be considered during business takeovers.
Equality Act 2010: Anti-discrimination legislation ensuring fair treatment of employees during and after the takeover process.
Pension Schemes Act 2021: Legislation governing pension arrangements and protections during business transfers.
UK GDPR: Data protection regulation ensuring proper handling of personal data during business transfers and mergers.
Data Protection Act 2018: UK's implementation of data protection requirements, including specific provisions for business data transfers.
Value Added Tax Act 1994: Tax legislation relevant to business asset transfers and financial implications of takeovers.
Misrepresentation Act 1967: Legislation governing false or misleading statements during business negotiations and due diligence.
UK Corporate Governance Code: Best practice guidelines for corporate governance in UK companies during major transactions.
The City Code on Takeovers and Mergers: Rules and principles governing takeovers of public companies and certain private companies in the UK.
