take-over

The whole of (legal) acts that relate to a company take-over. A company can be transferred by a transfer of assets and liabilities or -if the company’s capital is divided in shares- a transfer of shares (stocks).

Contracting parties in the Netherlands are in a great extent free to decide the terms and scope of the transfer. However,  in relation to existing employees they must follow Dutch legislation. Dutch legislation also provides for a right of substitution of the acquiring company in the lease contract.