Moving a running VM into a foreign subnet is Mission Impossible due to stale ARP entries (anyone telling you otherwise is handwaving over a detail or two - maybe their VM doesn't communicate with other VMs in the same subnet), but it's entirely feasible to migrate a cold VM into a foreign subnet if you can fix IP routing. Here's how you can do the trick with Enterasys switches.
Ivan Pepelnjak, CCIE#1354, is the chief technology advisor for NIL Data Communications. He has been designing and implementing large-scale data communications networks as well as teaching and writing books about advanced technologies since 1990. See his full profile, contact him or follow @ioshints on Twitter.