Companies Act 2006: Primary legislation governing company ownership transfers, registration requirements for ownership changes, and directors' duties and responsibilities
Transfer of Undertakings (Protection of Employment) Regulations 2006 (TUPE): Regulations protecting employee rights during business transfers, including obligations to inform and consult employees and the transfer of employment contracts
Value Added Tax Act 1994: Legislation covering VAT implications of business transfers and Transfer of Going Concern (TOGC) rules
Sale of Goods Act 1979: Governs the transfer of assets and inventory, including provisions for quality and fitness for purpose of transferred assets
Data Protection Act 2018 and UK GDPR: Legislation governing the transfer of customer and employee data and ongoing data protection obligations
Contracts (Rights of Third Parties) Act 1999: Regulates the effect on existing business contracts and the assignment of contracts during business transfer
Enterprise Act 2002: Covers competition law considerations and merger control requirements in business transfers
Property Law Act 1925: Legislation governing the transfer of business premises and assignment of leases
Financial Services and Markets Act 2000: Regulatory framework for businesses involving regulated activities, including necessary regulatory approvals for transfer
Taxation Laws: Collection of laws covering Capital Gains Tax, Stamp Duty, and Corporation Tax implications of business transfers
Employment Rights Act 1996: Legislation protecting employee rights and governing the transfer of employment contracts
Competition Act 1998: Addresses anti-competitive implications and market share considerations in business transfers
