Book description
Recent years have seen a huge growth in European cross-border mergers and acquisitions (M&A), and considerable attention has been given to how such deals arise and are completed. A U.S. investor must understand the basic difference in the principle of individual labor law in the U.S. and how it compares with the laws of the target country in an M&A. In the U.S., under the employment at-will doctrine, the U.S. private sector employers can dismiss their non-unionized employees at any time for any reason or even no reason at all. In most European Union (EU) countries and Germany and Italy specifically, employees are presumed to have a basic right to keep their jobs indefinitely. One of the greatest labor cost disparity with the U.S. is not wages. It is the amount of paid time-off and other benefits. Employers in Germany and Italy will find it difficult to discharge employees without incurring substantial liability. For high-level, long-term employees, these severance payments can run into six or even seven figures.
Table of contents
- Cover
- Title
- Copyright
- Acknowledgments
- Introduction
- Chapter 1. Due Diligence: Scrutiny of Labor Law of Target Countries (Germany and Italy) in Relation to U.S. Labor Laws
- Chapter 2. Comparative Analysis of the At-Will Employment Concept and Doctrine in the United States and Related Employments Laws in Germany and Italy
- Chapter 3. Comparative Analysis of the U.S. Federal Worker Adjustment and Retraining Notification Act (WARN Act) and the Relevant Workforce Protection Laws in Germany and Italy
- Chapter 4. “Soft Due Diligence” Investigation Relating to Family and Medical Leave
- Chapter 5. Family Leave Practices
- Chapter 6. Target Country—Germany—Family Leave Benefits
- Chapter 7. Target Country—Italy—Family Leave Benefits
- Chapter 8. Target Country—United States—Family Leave Benefits
- Chapter 9. Conclusion—Inadequate Consideration of EC Doctrine and the Relevant Labor Laws in Italy and Germany Can Lead to a Failed Merger and Acquisition
- Bibliography
- Index
- Adpage
Product information
- Title: Buyer Beware
- Author(s):
- Release date: December 2016
- Publisher(s): Business Expert Press
- ISBN: 9781631575990
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