Christopher Walter advises employer clients on HR practice and strategy in the UK, Europe and internationally. His practice includes the employment and employee benefits aspects of mergers and acquisitions, outsourcing and down-sizing, the drafting of bonus plans, share schemes, service/consultancy agreements, and agency worker contracts. Mr. Walter is also a seasoned litigator and has considerable experience as a Tribunal advocate. His practice encompasses the employment aspects of European data privacy compliance.
In the wake of the financial crisis and the so-called ‘shareholder-spring’ of 2012 (a period during which many shareholders refused to endorse directors’ remuneration policies), the government has introduced new rules on directors’ remuneration reporting. The new rules: (i) increase the compliance burdens regarding the reporting of directors’ remuneration policies; (ii) increase shareholder control over … Continue Reading
The UK High Court recently confirmed that incentive pay may be conditioned upon good behavior. In Imam-Sadeque v BlueBay Asset Management (Services) Ltd  EWHC 3511 (QB), the court concluded that forfeiting incentive pay for bad behavior does not constitute an unlawful penalty. In that case, an employee and employer had entered into a release … Continue Reading
In August, the U.K. Financial Services Authority (“FSA”) issued a proposal to implement the requirement in the 2010 Capital Requirements Directive (“CRD III”) that competent local authorities collect information concerning the pay practices of relevant financial services firms. CRD III requires local authorities to transmit this information to the European Banking Authority (“EBA”) to enable … Continue Reading