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Published by Trent Le Breton
Jun 7, 2016 in Commercial

For better or for worse – be careful what you promise

A recent NSW Court of Appeal decision brings new meaning to the term ‘buyer beware’ and is a warning to carefully monitor statements that a target makes to its employees during a merger.Following a claim by two employees, the Royal Bank of Scotland (RBS) was required to make good on a guarantee by ABN AMRO Holdings Australia Ltd (AAAH) to its employees that all existing redundancy plans would extend for a period of 2 years after RBS acquired...

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