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Business Development: Playing The Right Card
Leor Franks
There has been widespread press coverage this week of a Court of Appeal decision in the case in which 104 former Dresdner Kleinwort bankers are suing Commerzbank over its decision to lower their bonuses after buying the bank at the height of the financial crisis in 2007.
As of today, employers have only four weeks to issue retirement notices in reliance on the current default retirement age of 65.
For details of our latest ealert on this important topic, and the current position on retiring employees in reliance on the default retirement age before it is abolished on 6 April 2011 (subject to transitional provisions) click here.
In this article, we look at the status quo and how operators can live with restrictive covenants, or how they can remove or modify them. We also look in more detail at whether the days of the covenant are now numbered.
Operators of licensed premises know better than most the risk of unpleasant incidents happening at work social events. At this time of year, with people returning to work after the Christmas holidays, many employers, in the licensed trade and otherwise, are having to deal with the consequences of some of their staff’s unfortunate actions at Christmas parties.
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