What rights and liabilities transfer?
In essence all the transferor’s rights, powers, duties and liabilities incurring under or arising out of the employees’ contracts of employment transfer to the transferee. NB Terms relating to occupational pension schemes generally do not transfer, nor generally do specific items like bonuses or profit sharing schemes but the transferee may be under an obligation to reinvent the latter in the new employment environment. In respect of occupational pension scheme the transferees must offer a minimum level of pension protection though.
