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Clifford Chance

Clifford Chance

Briefings

Labour code amendment brings in changes in employment relations and M&A transactions

18 November 2020

The long-awaited Labour Code Amendment, which was enacted in the summer of this year, brings in a number of changes that extend beyond the field of employment. The modifications to the Labour Code will come into effect in two tranches: changes unrelated to a calendar year or public budgets have already been in effect since 30 July 2020, whereas other changes will apply from 1 January 2021.

The main changes already in force, which we view as key, include the introduction of more specific conditions for the automatic transfer of employees, which will also impact M&A transactions, and new rules on delivering notices.

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