Will EU plans to limit bankers’ bonuses affect Canary Wharf?

Boris Johnson has been reported as condemning MEP plans to limit the bonuses for bankers in the UK. Could this harm London’s financial sector, or will any shortfall in curbed bonuses be made up in increased salaries?

This is a controversial issue with employment law considerations but bonuses are also important in divorce cases. Often, the issue of a bonus can be the subject of intense negotiations, when it comes to agreeing financial affairs during a divorce.

Simi Kalsi, Head of the Family Team, speaking from our newly opened Canary Wharf office, said “Reaching a financial settlement may sometimes hinge on how bonuses should be treated, which is a very specialist issue. It is very important to take independent expert legal advice on this issue at an early opportunity”.

We have recently opened our new Canary Wharf office at 25 Canada Square for the convenience of our clients. If you wish to discuss any employment or family matters, please contact us.