Companies Act 2006: Primary legislation governing corporate transactions, share transfers, directors' duties, and company registration requirements in England and Wales
Sale of Goods Act 1979: Regulates the transfer of business assets and provides for quality and fitness for purpose warranties
Transfer of Undertakings (Protection of Employment) Regulations 2006 (TUPE): Protects employee rights during business transfers, including consultation requirements and transfer of employment contracts
Value Added Tax Act 1994: Governs VAT implications of the sale and Transfer of a Going Concern (TOGC) rules
Data Protection Act 2018 and UK GDPR: Regulates the transfer of customer/employee data and ensures compliance with data protection obligations
Competition Act 1998: Addresses merger control considerations and anti-competitive behavior rules
Financial Services and Markets Act 2000: Regulates business transfers involving regulated activities and financial services compliance
Property Law Act 1925: Governs the transfer of property rights when property assets are involved in the business sale
Contracts (Rights of Third Parties) Act 1999: Determines third-party rights in the business purchase agreement
Partnership Act 1890: Regulates the purchase of partnership businesses and related rights and obligations
Misrepresentation Act 1967: Covers warranties, representations, and remedies for misrepresentation in business sale agreements
Enterprise Act 2002: Addresses competition aspects of mergers and provides for market investigation provisions
