Entrepreneur shareholder an employee despite no pay

The Court of Appeal has held that an investor in a company was an employee despite his substantial shareholding in the business, other business interests, and absence of any remuneration. Background Mr Stack, the Claimant in this case, was the… Read on

Employee shareholders – all you really need to know

Employers can now offer shares to their staff, in exchange for certain legal rights. Employee shareholders will have fewer rights than normal employees. They will not have any rights to redundancy payments or unfair dismissal. They will have no rights… Read on

Employee shareholder contracts

From 1st September 2013 employers will be able to offer employee shareholder contracts to new recruits. In return for granting shares to a value of between £2,000 and £50,000, employees who accept this type of contract give up a number… Read on

New year, new employment law challenges

The number of employment law changes planned for each new year never seems to diminish, whichever government is in place. It looks as if 2013 will be no exception, but the year will bring both challenges and opportunities for businesses.… Read on

New type of owner/employment contract announced

George Osborne, the Chancellor of the Exchequer, has announced a new type of employment contract under which employees will be able to give up some of their employment rights in return for shares in the company. The proposal, which is… Read on