Court dismisses flawed restrictive covenants – why Jersey and Guernsey employers should review contracts

One of the trends we are seeing increasingly in the Channel Islands is senior employees moving to join competitors, and employers therefore looking to rely on and enforce restrictive covenants. With businesses facing a competitive market to attract and retain experienced senior employees, it is more important than ever to ensure that they are taking proper steps to protect themselves from legal and financial risk if key employees leave to join a rival.

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Employee ownership: getting the best from your trustees

When a business chooses to transition to employee ownership (EO), a trust must be established for the benefit of the employees of the company. The trust becomes the legal owner of the company shares, and the trustees are appointed to the board of that trust. Their role is to protect the interests of the employees as shareholders.

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