When advising employees about redundancy exits, it seems many employees are acting under the misconception that their contractual post-termination restrictions will not apply because their termination is by reason of redundancy. This is not correct, as the restrictions will apply even in redundancy terminations. It is worth noting, however, that the circumstances of 2020 may actually mean not all the restrictions are relevant even if they are still applicable.
A popular tax-advantaged share scheme is the Enterprise Management Incentives (“EMIs”). An HMRC research report found that “the EMI scheme had led to increased equity investments” and the majority of adopters surveyed “perceived EMI to be successful in helping companies retain key and skilled staff and improve staff morale”.
With the ongoing impact of the COVID-19 pandemic, many regular office goers are adapting to remote working for the foreseeable future. This rapid, unprecedented shift has highlighted multiple ways companies are struggling to maintain not just business continuity, but also their data security and privacy obligations.
