Law 360, London: Three banks emerged as winners of a £260m ($337m) fund to boost competition in business lending, bankrolled by The Royal Bank of Scotland Group PLC as part of conditions attached to its government bailout during the financial crisis.
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The right to notice means a right for the employee to remain in employment for the period of notice, not simply to be paid for it. An employer will therefore often include in the contract an express right to make a payment in lieu of notice ('PILON') as an alternative to giving notice, to ensure
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