Buying and Selling a Company’s Shares
Buying or selling a company’s shares is a complicated business. Whether you’re the buyer or the seller, you’ll need to work through various steps with the aim of limiting the potential exposure to the risks involved in these type of transactions. Typically, the process will start off with a meeting between representatives of both parties […]
Contracts of Employment – the Implied Duty of Fidelity
Contracts of Employment – the Implied Duty of Fidelity In the absence of an express post-termination restrictive covenant the employee’s implied duty of fidelity can be helpful especially in extreme cases. In the case of Thomson Ecology Ltd and another v APEM Ltd and others [2013] EWHC 2875 (Ch) the High Court has partially upheld […]
Personal liability for Unpaid National Insurance Contributions
Personal liability for Unpaid National Insurance Contributions (NICs) HMRC may issue a personal liability notice (PLN) requiring an officer of a company (who was serving at the time of default) to pay a specified amount in respect of Class 1, 1A or 1B NICs that the company has failed to pay together with penalties and […]
Restrictive Covenants in Employment Contracts:
This blog explains what restrictive covenants are, when they are likely to be enforceable and how they can be used in employment contracts to protect a business’s interests. What is a restrictive covenant and when will it be enforceable? A business can use restrictive covenants to protect its interests by restricting an employee’s activities for […]
Bribery Act 2010: Business Briefing
Bribery Act 2010: Business Briefing This business briefing outlines the offences introduced by the Bribery Act 2010 and the penalties for committing them. It also highlights practical steps that a business can take to help avoid breaching the legislation. What is bribery? Transparency International (a non-governmental anti-corruption organisation) defines bribery as “the offering, promising, giving, […]
Employment Issues in the News – Zero Hours Contracts
Employment Issues in the News – Zero Hours Contracts Zero Hours Contracts: Zero-hours contracts are used to facilitate casual working arrangements with the intention of creating casual employment but without all the obligations that go with it. Used properly they can be mutually beneficial but it is thought that some employers have used zero-hours contracts in […]