Supreme Court rules that terminating a lease causing asset transfer constitutes a new business takeover under labor law.

The Supreme Court issued a resolution clarifying that terminating a lease which results in the transfer of business assets triggers a new business takeover under labor law. The plaintiff sought compensation for wrongful termination after the lessee ceased operations and the lessor reclaimed the premises. The court held that the statutory definition of business takeover is broad, covering any event causing the transfer of assets used for employment, regardless of the parties' intent.