Share Purchase Agreement Hong Kong

Are there, in particular, assets or liabilities related to the acquisition or disposal of an undertaking which cannot be excluded from the transaction by an agreement between the parties? Is it generally necessary to obtain consents or make declarations to ensure the transfer of assets or liabilities in the time of a business transfer? A share purchase agreement is a contract for the sale and purchase of all the share capital issued by a company. However, in the event of a transfer of business or assets, the employees of the target company are not automatically transferred to the buyer. To make a transfer, all existing employment contracts must be terminated and, if the buyer wishes to retain employees in the company, new employment contracts should be offered to the employees to be transferred.

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