Date Published: 8 December 2018
CNPLaw advised a multi-national company on transferring employees within the group to create a regional sales hub in Singapore. Bill Jamieson, Partner at CNPLaw, led the team on the transaction.
With disruption becoming commonplace across the global economy, businesses have to continuously evaluate their strategic directions and reorganise their workforce to remain competitive. These processes may lead to the reshuffling of employees, the outsourcing of certain roles and workforce reduction.
We provide legal advice to our clients on how they can effect such changes in a manner that is fair to the parties involved, with a view towards minimising any ill-feelings that may give rise to disputes. This grants our clients the flexibility and confidence to reorganise their workforce so that they can adapt to constantly shifting market needs.
Companies periodically assess and deliberate ways to improve their financial results, and one way of achieving this may be through a successful corporate restructuring exercise, undertaken pursuant to the applicable laws.
A corporate restructuring exercise may involve the acquisition, disposal, consolidation or amalgamation of assets or shares. Other reasons that may compel a company to restructure may be to prepare the company for a sale, merger or management buyout. In almost all cases, legal and financial reasons will dictate the approach and outcome.
By leveraging on our corporate and insolvency law practices within the firm, we aim to help clients achieve their restructuring objectives by offering strategic advance planning, assessing the possible business outcomes and legal restrictions, and managing the interests of the stakeholders involved, namely the shareholders, creditors, customers, and employees.