March 2012 Archive

Budget release 2012 - enterprise management incentive options

EMI is a government backed share option scheme which allows small and medium sized businesses to grant tax-advantaged options to employees. The Chancellor announced a number of significant changes to enterprise management incentives (emi) options in the 2012 Budget. It was also announced that the Government will continue with it's policy of increasing the fuel benefit multiplier above the rate of inflation.

The difficulties of enforcing restrictive covenants

A recent case in which we successfully defended a client faced with a claim for over £500,000 for two alleged, employment-related breaches illustrates the difficulty of enforcing restrictive covenants (which seek to restrict an employee’s ability to trade after leaving the employer) and the interpretation of a duty of fidelity. Generally speaking, courts take a dim view of attempts by employers to hinder the ability of ex-employees to earn a living and poorly drafted contracts of employment and restrictive covenants are prime targets for attracting the disapproval of the judge.

Breach of trust cases coming thick and fast

Three recent cases have considered afresh the amount that can be claimed for losses from a breach of trust by solicitors. It is clearly a hot topic just now, but what these cases show is that there is no ‘one size fits all’ answer; every breach has to be carefully considered in the light of the particular set of circumstances that led to it in the first place.
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