Crafty Counsel

    Due Diligence & Gap Controls: The People Part - Episode I

    Chinwe Odimba-Chapman and Ben WhiteClifford Chance and Crafty Counsel

    Posted a year ago


    In the first of a two-part discussion, Ben is joined by Chinwe Odimba-Chapman, Employment Partner at Clifford Chance.

    Chinwe addresses HR issues that are critical for legal teams to understand in the due diligence process, focusing on payments to senior management that may be triggered by a change of control and enhanced redundancy terms, and how these can add cost to a buyer’s plan to achieve post-deal efficiencies. Chinwe also looks at how employment issues can be very hot during any gap between signing and completion - putting the spotlight on the importance of keeping key team members onside during that awkward period.