Jurisdiction(s):
United Kingdom

Key definition

Share definition

What does Share mean? A share is a unit of ownership in a company used to allocate control and economic benefit among shareholders in corporate governance and transactions. Company law in the UK (Companies Act 2006) and Ireland (Companies Act 2014) sets the framework for shares and shareholder rights, though the precise rights arise from statute and the company’s constitution. Key features include: a bundle of rights (typically voting, dividends, information and a share of surplus on winding up); limited liability (exposure capped at any unpaid amount on partly paid shares); transferability subject to statutory and constitutional restrictions; and legal title evidenced...

Wrongful dismissal: contractual termination breaches explained—gross misconduct, PILONs, tribunal v civil court, time limits, compensation, mitigation, benefits valuation and impact on post-termination restrictions

Published by a LexisNexis Employment expert

Precedents

This guide outlines general information about wrongful dismissal claims, including whether proceedings should be brought in the employment tribunal or in the civil courts, together with compensation for wrongful dismissal. Your employment solicitor will be able to provide advice that is specific to your circumstances and situation, tailored to your needs and facts.

What is wrongful dismissal?

If an employer terminates an employee’s contract without complying with the contractual terms that govern how termination should occur, the dismissal constitutes a breach of contract, known as wrongful dismissal. A contract of employment will usually state that either party may end the contract by giving a specified period of written notice in advance. Wrongful dismissal therefore most commonly, in practice, happens where an employer dismisses without any notice at all (also known as summary dismissal) or with insufficient notice. It can also arise where a fixed-term contract is brought to an end before its expiry (where the contract does not provide for this), or if there is a contractual disciplinary procedure and the employer fails to comply fully with it before dismissing an employee.

The relationship between wrongful and Unfair dismissal

A wrongful dismissal claim arises from the breach of the terms...

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Web page updated on 22/05/2026

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