New Employment Tribunal compensation limits announced
On 6 April 2014, the limits on certain Employment Tribunal awards and other amounts payable under employment legislation will increase.
The limit on the amount of a ‘week’s pay’ will increase from £450 to £464. This figure is used to calculate things such as statutory redundancy payments and the basic award for unfair dismissal. This means that the maximum statutory redundancy payment or basic award will be £13,920…
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Briefings from Addleshaw Goddard
Corporate News: ICSA Registrars Group guidance on articles of association and dividend distributions; and more
Addleshaw Goddard has published the June 2014 edition of Corporate News.
An employee cannot bring a breach-of-contract claim for losses flowing from the manner of dismissal even where the dismissal is in breach of an express contractual disciplinary procedure.
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The past five years have not been easy for Addleshaw Goddard. The firm’s revenue fell 7 per cent from £173.1m to £161.9m between 2008/09 and 2010/11 and despite finances looking up in 2011/12, when Addleshaws reported a 30 per cent increase in net profit, it has shown no notable compound growth in turnover since 2007/08.