How should employers exercise their discretion over discretionary commission or bonus payments? In the recent case of Hills v Niksun Inc., the Court of Appeal explained that even where contractual documents state that an employer retains absolute discretion over the amount of any commission paid, this is subject to the terms of any additional documents […]
Fladgate has acted for Step2wo in relation to its acquisition of the children’s shoe retail business One Small Step from Start-Rite. Small Step has eight stores and four concessions across the UK and Ireland. In addition to selling its own footwear in its concessions, Step2wo also stocks brands ranging from Gucci and Armani Junior to […]
Fladgate LLP advised the shareholders of Newson Gale Limited, the manufacturer and supplier of static grounding equipment, on the sale of the company to Hoerbiger, the globally active Swiss industrial conglomerate. Newson Gale is the brand setting standard for elimination of ignition hazards caused by static electricity, gaining a leading position in the United Kingdom […]
Fladgate LLP advised the investment company Privet Capital on the acquisition of Pyser-SGI Group Limited. Pyser was acquired from its existing management team which has owned the business since 1994. Pyser-SGI is a Kent-based supplier of sophisticated optical technology products. The business manufactures products including night vision systems, weapon sights, compasses, small arms collimators and […]
Fladgate LLP is advising investment firm Greybull Capital on the acquisition of 140 high street convenience stores from WM Morrison Supermarkets plc. Greybull Capital, a turnaround specialist that led the takeover of travel business Monarch Group last year, together with a team of industry specialists led by retail expert Mike Greene, will take control of […]
Fladgate LLP has advised the investment company Privet Capital on the acquisition of Aeromet, a UK based manufacturer of metal castings for the aerospace industry, from US based Black Diamond Capital Management for an undisclosed amount. Aeromet is a world class foundry with a turnover of £20m per annum, specialising in complex castings for commercial […]
Fladgate LLP acted for the sellers Hyperlink Media Limited and Applied Logics Limited on the sale of the remote online gaming business known as Roxy Palace for a total consideration of £8.4 million, comprising £2m in cash and the issuance of 10,000,000 new Ordinary Shares. Corporate partners Grant Gordon and Alan Wetterhahn advised the clients, […]
An employee has asked to be accompanied to a grievance meeting by a disruptive colleague. Can we refuse? Not without breaching the ACAS Code of Practice on disciplinary and grievance procedures (ACAS Code). The Employment Relations Act 1999 confirms that employees are entitled to be accompanied to certain formal meetings by a work colleague, a […]
An important judgment was issued yesterday by the Employment Appeal Tribunal (EAT) which could have significant financial consequences for any business that offers paid overtime or makes other regular payments to its workforce. Previously, the practice operated by most employers has been not to include overtime pay, commission, travel allowances and other “non-basic salary” payments […]
Fladgate LLP advised Point West GR Limited on the acquisition of Point West, a mixed use development consisting of 399 apartments and three commercial tenants, including Sainsbury’s and David Lloyd. Real estate litigation partner Thekla Fellas and corporate partner Jeremy Whiteson advised the client, assisted by employment senior associate Mike Tremeer and tax senior associate […]
Fladgate LLP has advised on the sale of shares in Supercover Insurance Limited, an FCA regulated specialist insurance broker and claims administrator serving more than 1.5m policyholders, to the Markerstudy Group. Supercover Insurance Limited was set up in 1995 and provided extended warranty cover and insurance to mobile phone retail customers. Supercover has expanded its […]
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