Bill · started in the Commons
Private Equity (Transfer of Undertakings and Protection of Employment) Bill
In progress
Current stage: 2nd reading (Commons)
The story so farThe Private Equity (Transfer of Undertakings and Protection of Employment) Bill was introduced in the House of Commons on 5 December 2007 by Mr John Heppell (Labour). It is now at second reading in the House of Commons. Second reading is the first debate on the overall principle of the bill; if the bill clears it, detailed committee scrutiny follows.
What the bill does
The Bill seeks to introduce greater employment protection for employees who work in businesses which are changing ownership by share transfer. <br><br>Key areas<br><ul><li>The Bill proposes to make certain provisions of the transfer of undertakings regulations (known as TUPE) apply where there is an ‘equity transfer’</li></ul><ul><li>Powers are given to the Secretary of State to define in detail the scope of transactions that would be caught by the provisions.</li></ul>The Bill was withdrawn at Second Reading.
Progress through Parliament
- 1st reading Commons 5 Dec 2007
- 2nd reading Commons 7 Mar 2008
Source: the official bill page. Last updated 7 May 2008.