The Workers' Information Rights in Spanish Tender Offer Regulation (in Spanish)
16 Pages Posted: 12 Jun 2008 Last revised: 14 Jun 2009
Abstract
The expansion of workers' rights in case of corporate takeovers is one of the novelties of the new Spanish tender offer regulation. The interest of the workers who may be affected by the transaction is acknowledged through rules primarly aimed at protecting the interest of investors without disrupting the normal development of the market for corporate control. In this vein, workers' right to information is equated to the right of information of the shareholders. This article examines the new regulatory regime, analyzing its accommodation with other laws that recognize information and consultation rights to workers' representatives.
Note: Downloadable document is in Spanish.
Keywords: Tender Offer, right of information, consultation rights, workers, representative, merger, acquisition, dismissal
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