Takeover Code First Reveals New Private Equity Strategies – IFLR
Posted on October 26, 2011 1 Comment
The first offer announced under the new UK Takeover Code shows how the rules are pushing private equity firms towards different deal structures.
According to Nick Rees, a London-based Linklaters partner, HgCapital Funds’ agreed take-private offer for Group NBT, a domain name management company, contained significant changes to its terms.
The public to private deal was announced on September 23, making it the first offer announced under the new UK takeover regime. Read More
Ghana Youth Employment Forum
Posted on October 24, 2011 Leave a Comment
The Ghana Youth Employment Forum shall exist to bring together Young Entrepreneurs to be trained with the necessary skill sets to boost and advance the course of their businesses, to employ and potentially help solve Ghana’s Current Unemployment rate.
The rate of unemployment as at the year 2009 per a report by the Ghana Statistical Service in the Ghana Standard of Living report stood at 11.26 percent, the same cannot be said today with no existing information to that effect. Therefore we have taken steps to help reduce this Unemployment rate by instituting the Ghana Youth Employment Forum.
Our goal is to help reduce our rate of unemployment by identifying key job opportunities in all sectors of the economy giving prominence to the key sectors and making the jobs available to the people of Ghana through a constant engagement with Stakeholders in all sectors of the economy with primary importance for Entrepreneurs. We believe that taking practical steps in solving the Issue of Unemployment will require answering two key Questions “Where are the Jobs and How best can we make the Jobs available to the good people of Ghana” and by further strengthening partnerships to ensure that many are enrolled into these productive ventures that we will identify in these sectors. Read More
Annual limit for Tier 1 and Tier 2 visa applications
Posted on November 24, 2010 2 Comments
24 November 2010
The Home Secretary announced on 23 November 2010 a number of changes to immigration policy in respect of Tiers 1 and 2 of the points-based system, designed to deliver the government’s commitment to place a limit on non-EU economic migration to the UK.
Further details of these changes will be published before they are implemented in April 2011.
The changes announced yesterday are set out below.
Tier 1
The Tier 1 (General) route will be closed.
The Tier 1 (Entrepreneur) route will be reformed to make it more attractive. We will introduce flexibilities and create a new avenue for promising start-up companies which do not meet our investment threshold.
The Tier 1 (Investor) route will also be reformed to offer an accelerated route to settlement, depending on the level of investment.
The Tier 1 (Entrepreneur) and Tier 1 (Investor) routes will not be subject to a limit on numbers.
A Tier 1 route for persons of exceptional talent will be introduced. This will cover migrants who have won international recognition in scientific and cultural fields, or who show sufficient exceptional promise to be awarded such recognition in the future. Applications by those with exceptional promise will be endorsed by a competent body in the relevant field. The ‘exceptional talent’ category will be subject to a limit of 1,000 places. Tier 2 will continue to be open to migrants working in these fields. Read More
UK Government sets first annual limit for non-European workers
Posted on November 24, 2010 Leave a Comment
23 November 2010
A raft of new measures will strictly control the numbers that can come to the UK and work from outside Europe, the Home Secretary announced today.
As well as limiting the number of skilled non-European workers that businesses can bring into the country, the Home Office is tightening the intra-company transfer route (which will sit outside the annual limit) and restricting Tier 1 of the points-based system – the ‘highly skilled’ tier – to all but entrepreneurs, investors and people of exceptional talent.
The introduction of an annual limit was a coalition government pledge and will allow Britain to remain competitive in the international jobs market, while ensuring that migrant labour is not used as a substitute for those already looking for work in the UK.
To control those coming here, the government has committed to:
- introducing an annual limit of 21,700 for those coming into the UK under the skilled and highly skilled routes – 20,700 under Tier 2 (General) and 1,000 under the new ‘exceptional talent’ route;
- raising to £40,000 the minimum salary for those coming under the Tier 2 (Intra company transfer) route for more than 12 months;
- restricting Tier 1 to all but entrepreneurs, investors and the exceptionally talented; and
- requiring occupations in Tier 2 (General) to be at graduate level. Read More
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