Oct 20, 2024
What is the duty of loyalty? An employee has a duty of loyalty to his or her employer. It is often forgotten that just as an employer has a duty to ensure, among other things, that an employee is safe at work and paid, so too does an employee have a duty to...
Oct 17, 2024
The Act applies to companies and associations with more than 20 employees working regularly. Thus, an employer with 20 or more employees must initiate negotiations on changes when it is considering the dismissal of one or more...
Oct 17, 2024
The CEO is not an employee of the company and the Employment Contracts Act does not apply to the CEO. The managing director of a limited company is the governing body of the company in the same way as the board of directors and the general meeting. The managing director does not therefore have an employment relationship with the company. The status of the CEO is...
Oct 17, 2024
When a company gets into financial difficulties for one reason or another, one of the options, and usually the last one, is to go into liquidation. In our view, restructuring is a good way to restore the viability of a company and the interests of the company and its owners....
Oct 16, 2024
Overtime is, in short, work that exceeds the maximum number of hours a worker is allowed to work. The general rule in the Working Time Act is that the normal working time is 8 hours per day and 40 hours per week. However, exceeding the regular working hours does not...
Oct 14, 2024
What risks does a board member of a limited company in financial difficulties face and how can they be protected against or prepared for? Board membership in a limited company is no longer a mere position of trust. It includes statutory duties and responsibilities...
