October 2011 Archive

Share incentives in the economic downturn

As has been well reported, the Financial Services Authority and the Treasury have openly stated that they believe that a culture of high value performance bonuses which rewarded the meeting of short-term goals has contributed to the current banking crisis we now find ourselves in. On the FSA and the Treasury’s wish-list going forward is a move towards remuneration structures that reward longer term performance and the creation of maintainable value for shareholders.

The Mortgage Repossession Act 2010

The Mortgage Repossession (Protection of Tenants etc) Act 2010 came into force at the beginning of October 2010. The Act and its supporting regulations provide some limited protection for unauthorised tenants (tenants occupying without the consent of the landlord’s lender) in residential property to bring them broadly in line with the safeguards afforded to authorised tenants under the Protection From Eviction Act 1977.
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