TMT legal update: liability for holiday pay
A series of recent cases may oblige employers operating in technology, media and telecoms (TMT) to include average overtime, commission/bonuses and allowances when calculating holiday pay. This liability could be retrospective, extending back six years and possibly to 1998, exposing employers paying significant overtime, commission and allowances to very substantial liability.
Employers operating in the sector should therefore audit their exposure to claims and take advice on how to mitigate this risk and secure appropriate indemnities covering liability for historic shortfalls in holiday pay when acquiring businesses with staff…
Click on the link below to read the rest of the Eversheds briefing.
News from Eversheds
News from The Lawyer
Briefings from Eversheds
The most important advantage of international arbitration is the enforceability of its result, as a deal is only as reliable as the mechanism by which it can be made legally enforceable.
The Court of Appeal decision in CLP Holding Company Ltd v Singh (1) Kaur (2) prompts consideration of a common oversight in dealing with dilapidations claims.
Analysis from The Lawyer
A new breed of lawyer is smoothing the path for companies entering emerging or unstable jurisdictions
‘Exotic’ investors and opportunities for legal work beyond M&A feature in The Lawyer’s high-level roundtable debate on south-east Europe