P&E Update: Employment/Employee Benefits Bulletin

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Topics covered in this bulletin:

Cases Round-Up

  • dismissed 'War Horse' musicians lose bid for reinstatement
  • TUPE: provision of measures information by the transferee
  • remedies for breach of restrictive covenants
  • tax avoidance where bonuses paid in restricted shares

Points in Practice

  • executive remuneration: proposed amendments to the UK Corporate Governance Code
  • bankers bonuses: PRA issues guidance on increasing 1:1 bonus cap
  • HMRC’s 15th Employment-Related Securities Bulletin (April 2014)

And Finally…

  • David Moyes dismissed from Manchester United