Category: Employment Law

 

Compensation Orders against Disqualified Directors

Overview

As from 1st October 2016 it will be possible for the Secretary of State, in addition to seeking a disqualification order, to apply to the court for an order that the director should pay compensation for the losses which he has caused to the creditors of the insolvent company or in the alternative seek an undertaking to pay a corresponding amount to the Secretary of State.

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Cost of living

Overview

From April 2016, a new rate will apply to workers aged 25 and over. The new rate has been branded as “the National Living Wage”. It will start on April the 1st at £7.20 per hour. Despite the name, this new rate is essentially a new Minimum Wage for the over 25s.

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