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Options

Over recent years it has become more common place and, particularly in tech sectors, almost expected, to grant employees options over shares in the company.   The purpose of this is to incentivise employees, most often by giving them an opportunity to take part in an exit should one come about.  This article seeks to set out in basic terms what an option is and shed some light on some of the intricacies you might want to think about for your company and employees.An option is a right that entitles the option holder to acquire shares at a certain price at a...
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198 Hits

Dilapidations- a drafting minefield

The case of Gatsby Retail Limited v The Edinburgh Woollen Mill Limited  from earlier this year reminds landlords that even the small detail of wording in a lease can have significant consequences, particularly in relation to dilapidations claims.This case concerned a landlord, Gatsby, whose lease of their commercial premises on Princes Street to its previous tenant, Edinburgh Woollen Mill (EWM), had come to an end. Gatsby served a schedule of dilapidations on EWM identifying works valued at around £170,000 which were required to bring the premises up to the standard required under Gatsby’s lease to EWM.Meanwhile, a new lease had been...
  205 Hits
205 Hits

It is a new world under GDPR

The imposition of GDPR and uncertainty surrounding Brexit has created a challenging environment for businesses in the U.K. Stricter regulations, stronger protections individual privacy, and heftier fines have left businesses with a stark realisation of their obligations under the GDPR. Plus, it appears that the data protection regime post-Brexit will impose additional challenges for businesses large and small, especially in the tech sector. The Old WorldUnder the former regime, the Information Commissioner’s Office had generally not reached the maximum fine of £500,000. Most major breaches left companies paying between £250,000 and £400,000. Facebook was the last company fined under the old law...
  280 Hits
280 Hits

Holistic HR Service Updates

As many of you know, Holistic HR is MBM’s comprehensive HR and employment law advice package, designed for small employers with fewer than 50 members of staff. Employers sign up to this service and pay a competitive annual fee (dependant on how many employees they have), which may be paid monthly in instalments. Holistic HR clients receive comprehensive employment law advice over the course of the year, an employment contract review, access to our online portal of template policies, amongst other great benefits. We regularly host events allowing our like-minded clients to meet and gain insight into some topical HR issues,...
  171 Hits
171 Hits

MBM Commercial's Tracey Ginn finalist in the Scottish Women's Awards 2019

Finalist Logo SWOA 2019 01
We are delighted to announce that MBM Commercial's Tracey Ginn has been shortlisted into the finals under Services to Law category at The 3rd Scottish Women's Awards 2019.The Awards will be held in The Crowne Plaza Hotel in Glasgow on the 28th of August 2019. The 3rd Scottish Women’s Awards aims to acknowledge and celebrate the achievements of women entrepreneurs, business women, professionals, civil servants, charity workers and many more in Scotland.Good luck to all nominations! 
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660 Hits

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