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(FULLY BOOKED) WEB 1173 Mergers & Acquisitions
The high level of recent merger, acquisition and restructuring activity in the UK means practitioners are frequently being asked to advise on the immigration and right to work aspects of corporate transactions. Where one or more of the entities involved has a sponsor licence, this will often consist of reviewing the current sponsor licence arrangements, advising on the appropriate arrangement post-transaction and then taking the necessary steps to ensure that the appropriate entity is able to continue to employ its sponsored workers. This may involve either making a notification to the Home Office or submitting an application for a new licence. If the transaction involves staff transferring between entities, this can also involve right to work issues.
Practitioners are also frequently required to have an understanding of the types of structures that international companies employ and advise on whether these structures mean that these businesses can transfer their overseas employees to the UK under the Intra-Company routes (including Global Business Mobility – Senior or Specialist Worker and Graduate Trainee).
Topics:
• Initial sponsor licence applications, with a focus on Skilled Worker and Intra-Company routes licences;
• Adding new UK and overseas group entities to a sponsor licence;
• Qualifying types of corporate group structures for the Intra-Company routes;
• Recognising and dealing with common change of ownership scenarios;
• Worked examples of the steps that practitioners should take when notifying the Home Office when a sponsor licence holder is involved in a corporate transaction; and
• Right to work and due diligence issues which arise as a result of corporate transactions.