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Ask Law Lenz: Permanent Business Closures & Redundancy Requirements
Manage episode 433856229 series 3522910
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A topic that's becoming increasingly relevant in today's challenging economic landscape is permanent business closures. As liquidation numbers rise across New Zealand, employers face difficult decisions that directly impact their teams. But what are the legal obligations when a business needs to shut its doors for good?
In this Ask Law Lenz segment we are tackling 3 major questions for businesses across NZ (especially SMEs):
- What process needs to be followed with employees when undergoing a permanent business closure?
- What does consultation look like for a small business?
- At what point does an employer need to start having conversations with their employees?
Join host Sanam as she dives into the complexities of business closures, exploring the redundancy process, good faith requirements, and key legal precedents that every employer must know. With real-life cases and expert insights, this episode will arm you with the knowledge to navigate these tough situations correctly, ensuring you're fully compliant when the stakes are highest.
Whether you're an SME owner, HR professional, or simply interested in employment law, this episode is packed with critical information that could save you from costly mistakes. Tune in now to ensure you're compliant!
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Got questions? Send them our way, and Sanam will feature them in the next episode. Email your queries to asklawlenz@gmail.com.
Check out the Law Lenz website HERE.
Resources:
- Section 4 good faith employment relations - Employment Relations Act
- Clark v Glitz & Glam Hair and Beauty Limited (in liquidation) 2023 - Employment Relations Authority case
- Chun Kit Sze and KNCC Limited 2023 - Employment Relations case
- Restructuring your business - Business NZ
- Considerations before terminating your business in NZ - Legal Vision
Disclaimer: The content presented in this episode is for informational purposes only and should not be considered as legal advice. The host does not assume any liability for actions taken based on the content of this podcast. While the host is a lawyer, they are not your lawyer and the information provided is based on general legal information. This podcast does not create a solicitor-client relationship.While we strive to keep the information accurate and up-to-date as at the date of each episode, laws and regulations may change, and the content of this podcast may not reflect the most current legal standards or interpretations. Listeners are encouraged to consult with a qualified New Zealand legal professional for advice tailored to their specific situation.
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