How to Make Employees Redundant
Redundancies can unfortunately be an inevitable part of running a business. If they do become a necessity, it’s essential to follow correct procedures at every stage in the process. Failure to do so could see you embroiled in costly employment tribunal cases, which can have a detrimental effect on your business. This is why understanding…
Read MoreWhy Would an Employer Offer a Settlement Agreement?
Designed to promote an amicable resolution to company disputes, settlement agreements were introduced in July 2013. Their aim is to encourage both parties to sort out their differences within the organisation itself, without resorting to employment tribunals. The existence of settlement agreements will typically slip under the radar of employees, at least until they are…
Read MoreUnderstanding Post Termination Restrictions
Also referred to as “restrictive covenants”, post termination restrictions are designed to limit certain activities by former employees and protect businesses from potential harm. They represent a delicate balancing act between employers needing to preserve their interests and former workers wanting to freely pursue new opportunities. If businesses and individuals wish to avoid the prospect…
Read MoreSara Southall
What Qualifies as a Protected Disclosure?
Whistleblowing can be an important way of highlighting wrongdoing in the workplace. In ‘blowing the whistle’, an individual will be protected by law from any adverse effects from the disclosure — such as demotion, dismissal, or a deterioration in the working environment. If any of this does happen, the employee will have the right to…
Read MoreOrlagh Finnegan
Case Study: Demma Group
Demma Group, based in the West Midlands, has grown into a nationally renowned building energy management system provider. Demma approached Thursfields for advice on its sale to Nordomatic, the leading BMS system integrator in Scandinavia. Thursfields’ team was instructed by Demma’s key shareholders to navigate the intricacies of the deal which included corporate and commercial…
Read MoreDo I Have to Keep Staff When Buying a Business?
If you’re in the process of purchasing an existing company, one of your first questions could be ‘Do I have to keep staff when buying a business?’. The transfer of ownership often creates a period of upheaval for a workforce, so providing clarity about their future is essential to comply with laws around the TUPE…
Read MoreHow to Prepare a Business for Sale
Deciding to sell a business is one of the most important actions owners will take. Developing an exit strategy from something you have worked hard to achieve can be a stressful process as there are several factors at play. Not only will you want to make the maximum return on your investment, but the procedure…
Read MoreComplex Farm Sale
The sale involved complex negotiations, simultaneous share and property transfers, and extensive due diligence. Our multidisciplinary agricultural team was well equipped to handle matters due to our expertise in Corporate & Commercial, Property, Litigation and Employment Law. With a Partner-led approach, our team engaged in strategic negotiations through the sale process to secure the best…
Read More