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What happens to the rights and obligations arising from the employment contract?

April 26, 2017arising contract employment happens obligations Rights

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What happens to the rights and obligations arising from the employment contract?

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The rights and obligations of the merging companies arising from contracts of employment or from employment relationships shall be transferred to the company resulting from the cross-border merger (Art. 14 IV). In addition, directive 2001/23/EC (Directive on the transfer of an undertaking) shall apply.