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LATEST NEWS & EVENTS Ex-CEO fails in TUPE Regulation employment tribunal  The former chief executive officer of Turquoise has failed in an employment case brought against the London Stock Exchange (LSE). Eli Lederman was sacked when the LSE bought a majority stake in the company last year. He won a £70,000 payout after the LSE admitted unfair dismissal. However, Mr Lederman argued that he was entitled to more because TUPE Regulation (Transfer of Undertakings Protect of Employment) should have applied. TUPE Regulation protects employment rights when a company is transferred from one owner to another. The LSE argued, however, that Turquoise had remained a separate firm with its own board and directors. The tribunal ruled that the claimant would not have been affected by any transfer after completion of the deal. Commenting on the decision, the LSE said: "Our duty to our staff is one we take very seriously and we are pleased that the tribunal has dismissed without merit the accusations which were brought before it." TUPE Regulation is one piece of legislation that may be reformed as part of the government's proposals on employment laws, which are currently being reviewed. Posted by Alex McLean 
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