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Mike Charlesworth’s Shares blog

The house of lords last week agreed to proposals allowing employees to be allowed to accept shares in their employer’s business in return for giving up employment rights. When the scheme becomes operative employers will have to pay for independent legal advice to be given to their employee even if the offer of shares is not taken up.

The advice must be obtained from a firm with no connection to the employer and the employee with have 7 days to decide whether to accept the offer or not.

Please contact Russell Brown in the employment team for more details or advice.

 

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