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3

Sep 2013

Employee shareholders

From 1 September 2013 new and existing employees can become employee shareholders. Whether businesses will choose to offer employee shareholder status roles remains to be seen but if they do (and if the employee agrees) the status essentially means that the employee will be given shares in the employer’s company, with a minimum value of £2,000, in return for giving up some of their employment rights.

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16

Aug 2013

Claiming costs when invoices are paid late

Business suppliers have an established statutory right to claim interest on outstanding payments under commercial contracts.

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15

Aug 2013

Sick leave and holiday

The Working Time Regulations give employees the right to a minimum of 5.6 weeks’ paid holiday, including bank and public holidays, in each leave year. Under the Regulations the leave is split into 4 weeks’ basic leave and 1.6 weeks’ additional leave.

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8

Aug 2013

Forcing retirement and age discrimination

An employment tribunal has found that a law firm that had imposed a mandatory retirement age of 65 on its partners was objectively justified in doing so, and this did not amount to direct age discrimination.

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7

Aug 2013

Divorce involving company assets

The landmark divorce victory for Yasmin Prest in the Supreme Court has been described as the most significant elucidation on how to resolve clashes between company and family law for more than a century.

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