Employee Share Schemes – Are Your Schemes Up To Date?

As part of the Government’s drive to make 2010-20 the “decade of employee share ownership”, there have recently been a number of significant changes to HMRC approved share plans and Enterprise Management Incentive Schemes (EMI).

Provisions which became law under the Finance Act 2013, along with draft legislation published for the Finance Act 2014, together represent the most significant set of developments in the last 10 years for companies operating employee share schemes and employees […]

By | May 9th, 2014 ||

France: New Union Agreement On Unemployment Benefits

On March 22, 2014, employer and employee unions agreed to a new agreement on unemployment benefits (Accord National Interprofessionnel) which must be approved by the French government before becoming effective. This agreement impacts the extent to which an employee’s unemployment benefits are accumulated when starting new employment and also extends the period of time before which an employee is able to receive unemployment benefits if he/she received a termination payment which exceeded the amount […]

By | May 8th, 2014 ||

Sportsbet v Carpanini – another warning about restraint of trade clauses in employment contracts

Restraint of trade clauses are often poorly drafted and frequently misunderstood. A significant proportion of restraint clauses would be unenforceable if tested.

A restraint of trade clause is void by default unless the employer can demonstrate that it is reasonable to protect the legitimate business interests of the employer. The court will consider whether the restraint is such only as to afford a fair protection to the interests of the employer, and not so large […]

By | May 6th, 2014 ||