UK Government relaxes employment law for startups giving equity(hm-treasury.gov.uk)
hm-treasury.gov.uk
UK Government relaxes employment law for startups giving equity
http://www.hm-treasury.gov.uk/press_91_12.htm#a
http://www.hm-treasury.gov.uk/press_91_12.htm#a
This presumably assumes that a free market for those shares exists or that a fair method for valuing them is put in place - otherwise it is just an income boost for lawyers.