Companies Act 2006: Primary legislation governing company operations including share transfers, directors' duties, company registration requirements, and financial assistance rules for buyouts
Financial Services and Markets Act 2000: Regulatory framework for financial services, including requirements for regulated activities and financial promotion rules relevant to MBO transactions
TUPE Regulations 2006: Transfer of Undertakings (Protection of Employment) Regulations protecting employees' rights during business transfers including MBOs
Employment Rights Act 1996: Fundamental employment rights legislation affecting employee contracts and protections during ownership changes
Corporation Tax Act 2009: Tax legislation governing corporate taxation aspects of the MBO including relief and charges
Income Tax Act 2007: Personal taxation considerations for management team acquiring the business
Enterprise Act 2002: Competition law framework ensuring MBO doesn't create anti-competitive market conditions
UK GDPR and Data Protection Act 2018: Data protection requirements for handling personal information during company transfer and due diligence
Misrepresentation Act 1967: Legal framework protecting against false statements or misrepresentations during MBO negotiations
Insolvency Act 1986: Regulations concerning company solvency and directors' responsibilities during significant financial transactions
Financial Collateral Arrangements Regulations 2003: Rules governing security and financial arrangements in corporate transactions including MBOs
Small Business, Enterprise and Employment Act 2015: Legislation affecting corporate transparency and business regulation during ownership changes
Companies Directors Disqualification Act 1986: Rules governing director conduct and potential disqualification relevant to management taking ownership
Competition Act 1998: Legislation prohibiting anti-competitive behavior and agreements in business transfers
