Workers buy – out
Decree Law no. 145/2013 converted into law in February 2014 has facilitated workers buy-out transactios, recognizing to the cooperation its ability to generate employment.
This regulatory intervention of February 2014 offered a benefit to workers of distressed companies who propose to acquire or lease their companies.
The Workers Buy-Out is the acquisition of the share capital of a company, generally distressed, by its employees. In connection with the bankruptcy or liquidation of a company, workers form a cooperative limited company and purchase the company or least its asset.