The Labor & Employment, Alexandre Pessoa, together with lawyers of the area, Paulo Chubba and Bruna de Cesare, participated in “Employees: Cross-Border Private Acquisitions (Brazil)”, published by Practical Law – Thomson Reuters.
The document exposes issues of Labor Law that must be considered during the acquisition of a private company in Brazil. Some of the topics discussed are: the legal obligations and protections given to employees in Brazil, in the case of the purchase of shares or assets; the dismissal of employees, explaining the costs and formalities behind this process; some standard clauses in the purchase agreement; and, finally, visas required for foreign directors and executives.
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*Reproduced from Practical Law with the permission of the publishers. For further information, visit practicallaw.com