For In-house Counsel or HR professionals in Asia, what are some key issues to be aware of when implementing a business restructure?
There are some key areas you will want to focus on when restructuring a business operation in the APAC region.
First, consider the jurisdiction and its challenges. People often think that the EU is the most challenging place to conduct restructures and RIFs. But the APAC region has some of its own hot spots with similar challenges.
A good first step in approaching a restructure is to inventory the legal requirements by country to ensure that any required processes, consultations, and timelines are known and built into your project plan.
Then, determine whether the business restructure invo…
Read the full article at: https://www.littler.com/publication-press/publication/what-are-some-key-issues-hr-or-legal-be-aware-when-implementing