Mergers & Acquisitions Affecting Foreign Workers
Situations can often arise when company mergers or acquisitions affect foreign workers who are being employed by either company involved in the transaction. It is important to ensure that any M&A transaction does not interrupt the ability of the foreign worker to work for the company or cause them undue stress because of uncertainty pertaining their legal status in Canada.
Workers who have Temporary Work Permits that were issued based on Labour Market Opinions (LMOs) do not normally need new LMOs provided the acquiring company meets the definition of a "Successor in Interest" in the target company. We will review the proposed transaction with you to determine if this definition is met for Immigration purposes. Where there is no change of company name typically the Temporary Work Permits do not normally need to be re-issued although. If there is a name change we will assist you with obtaining replacement work permits where necessary.