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

Arbitration clause cannot stop Tribunal

Law firm Clyde and Co has recently been in the High Court to try to stop an ex-partner from bringing a claim of sex discrimination / pregnancy discrimination because she had agreed to an arbitration clause in her partnership agreement.… Read on

What is an employee shareholder?

An employee shareholder is a new type of contract where an employee gives up certain employment rights in return for shares in the company to a value of between £2,000-£50,000.  Employees must receive independent legal advice before accepting such a… Read on