A gross injustice avoided — employer allowed to make settlement payment net of tax
When the claimant in Barden v Commodities Research Unit International was dismissed as chief executive officer, he entered a severance agreement, including payment of a long-term incentive plan (LTIP). When the LTIP was not paid, he issued proceedings, which were eventually settled after mediation. The settlement agreement, signed in the early hours of the morning, provided for a ‘settlement sum’ of £1.35m to be paid to the claimant. The tax treatment of the sum was not mentioned in the agreement…
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The new Companies Ordinance (Cap. 622), which came into effect on 3 March 2014, is a substantial rewrite of Hong Kong companies law.
Employment News — 14 April 2014: the final straw — employer entitled to take strict view in light of previous warnings
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Analysis from The Lawyer
Beyond the headline infrastructure projects, UK construction work is still recovering from the clobbering it took during the slump
When a firm shouts loudly about a landmark merger, as SJ Berwin did when it joined forces with King & Wood Mallesons, departures are always likely to come under the spotlight.