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The Meritas Guide To Employment Law On A Business Sale In Europe, Middle East And Africa - April 2015: Luxembourg
1. DO EMPLOYEES AUTOMATICALLY TRANSFER TO THE BUYER WHEN A BUSINESS IS SOLD? A transfer of undertaking is defined by Article L.127-1 of the Luxembourg Labour Code as any transfer of an undertaking, business, or part of an undertaking or business, to another employer as a result of a legal transfer or merger, a succession, hivingoff, conversion of a business or conversion into a company.
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