New compromise agreements

News - 08/03/2013

CODE GREEN 

Likely to be in force from summer 2013, compromise agreements are to be renamed ‘settlement agreements’ and Acas has prepared a draft code of practice on settlement agreements which intends to explain the change in the law relating to ‘without prejudice’ discussions.  The change in the law is intended to allow ‘greater flexibility in the use of confidential discussions’  and template agreements will be published. The suggestion of guideline tariffs for settlements has been dropped.  Closing date for consultation is 9 April 2013.

Some more information can be found by clicking on the link below.  If you would like any assistance contact a member of the employment team or call us on 01737 854 500 or email [email protected]

https://www.acas.org.uk/index.aspx?articleid=4105

Disclaimer:

Although correct at the time of publication, the contents of this newsletter/blog are intended for general information purposes only and shall not be deemed to be, or constitute, legal advice. We cannot accept responsibility for any loss as a result of acts or omissions taken in respect of this article. Please contact us for the latest legal position.

Categories