Where the bid submitted by a party closely related to the debtor is considered as the best bid, Member States should be able to introduce additional safeguards for the authorisation and execution of the sale of the debtor’s business or part thereof. Such safeguards can include the obligation for the acquirer to ensure business continuity for a minimum period of time or the maintenance of employment contracts.
Text as published in the Official Journal, reproduced verbatim (including any typographical quirks of the source). For the authentic version, see EUR-Lex.
