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Title_of_text

Acquisition of Undertakings by Employees (Special Cases) Law, 5746-1987.

Main Region

First Region

Israel
Freedom of association, collective bargaining and industrial relations
1987
National
Law, Act

Second Region

Provides for employees to acquire an undertaking, owned by an individual or a body corporate, in which not more than 200 employees are employed and which has closed down completely, is involved in final bankruptcy proceedings or whose main industry has been discontinued for three months. The Government and the representative organisation of employees shall establish a fund, governed by a committee, for the granting of loans to enable co-operative societies of employees to make such acquisitions. The Act lays down conditions applicable to loan applications and sets forth procedures for evaluating applications for assistance. The committee's opinion on an application shall include economic, legal and employment aspects.

Entry dates region

    Date of entry into force
    1987-04-01
    --

Electronic region

Monograph region

    Monograph title
    Labour Laws
    Author
    State of Israel
    Publisher
    Ministry of Labour and Social Affairs, Division of Labour Relations
    Place of publication
    Jerusalem
    Country
    Israel
    Date
    2000-01
    Page range
    pp. 234-237