Section 46, The Employment Act, 2023

(1) The bankruptcy or winding-up of an employer’sbusiness shall cause the contract of employment of a worker to terminate one month from the date of bankruptcy or winding-up, unless it is otherwise terminated for just cause within that period. (2) This section shall not apply where, notwithstanding the occurrence of such bankruptcy or winding-up, the business continues to operate under public ownership or is transferred. (3) On the insolvency or winding-up of an employer’s business, the claim of a worker or those claiming on his behalf for wages and other payments to which he is entitled under this Act shall have priority over all other debts except for debts owed in respect of judicial fees.