When hiring or sponsoring migrant workers in the UK there are many mistakes that businesses can make.
An Employee Ownership Trust (“EOT”) is a legal arrangement through which a trustee holds a controlling stake in a company for and on behalf of the employees of a company. Under an EOT, the shares are sold to the trustee in order for them to be permanently held for the benefit of the employees of a company or group of companies. Crucially, the EOT must benefit all employees on equal terms based on certain criteria. The criteria include hours worked, length of service and level of remuneration.
Follow our top tips for shareholders looking to sell to an EOT.
Taking prompt advice is essential as unsuccessful bidders have just ten days within which to issue court proceedings if they want to benefit from the automatic suspension provided for in the Regulations, which prevents the contracting authority from awarding the contract to anyone else.
Otherwise, there is a time limit of 30 days to issue proceedings. This guide sets out the key information about public procurement challenges that bidders and
contracting authorities need to know under the Public Contracts Regulations 2015.
When granted with a Worker sponsor licence to employ migrant workers, an organisation is given access to the Sponsorship Management System (SMS), which is the online platform used to manage the licence and facilitate the sponsorship of migrant workers. We have set out some key points for you to download to help you with the SMS.
