Hedge funds investing in big-time divorce March 16, 2010 AMONG all the people who lost money in the downturn, one of the most colourful cases was that of Scot Young, businessman friend of Russian oligarch Boris Berezovsky and owner of the Ivy restaurant, Richard Caring. When his wife filed for divorce last year it emerged that Young’s £400m fortune had apparently vanished, with Young [...]
Q&A SHARE PLANS February 11, 2010 Q. I am an entrepreneur and I am thinking about a share scheme for my employees. What are the benefits for the employer and employee? A.Typically, employee share ownership schemes, or share option schemes, are used by small businesses for the same reasons that they are used by large multi-national corporations: to incentivise, reward and [...]
Know the perils of poaching January 14, 2010 ANYBODY working in a client-facing business and thinking of starting their own firm has to be aware of the legal tangle surrounding “poaching” your former clients. What is allowed all hinges on the contract you signed with your former employer. If you have a contract with “restrictive covenants” then you need to tread carefully. A [...]