Contact details

Anika Chandra

T: +44 20 7809 2104 M: +44 7825 848 162 Email Anika | Vcard Office: London

Anika Chandra Senior associate

Contact details

Anika Chandra

Anika Chandra
Senior associate

T: +44 20 7809 2104 M: +44 7825 848 162 Email Anika | Vcard Office: London

An expert in designing and implementing share plans and bonus arrangements, Anika has extensive experience of advising a range of clients from start-up organisations to FTSE 100 companies ​on all aspects of employee incentives. Clients speak highly of Anika's approachable manner and responsiveness.
  • Profile
  • Services
  • Sectors

Anika regularly advises both public and private companies on the company law, tax law, securities law, employment law and regulatory law aspects of implementing and operating share plans both in the UK and globally. She has designed and implemented many bespoke share incentive arrangements tailored to meet clients' specific commercial objectives.

Anika also advises on the share plan aspects of corporate transactions and has acted for both buyers and sellers on several transactions including GDF Suez on the acquisition (through a subsidiary) of the UK facilities management business of Balfour Beatty and separately, Lend Lease Group.

In addition, Anika works closely with Stephenson Harwood's employment and pensions experts to advise on appointments and terminations.

The Legal 500 (2014) noted that Anika is ‘very thorough and precise' and overall, ‘the industry knowledge possessed by the team ranks as one of the best in London'.

"Very thorough and precise'"

The Legal 500 UK 2014

  • Employee incentives
  • Corporate governance
  • Corporate
  • Tax

Share plans

Implementing share plans, including enterprise management incentive plans, growth share plans and joint ownership plans.  Recently structured an innovative growth share plan over shares in a subsidiary of a fund management company to incentivise its key employees.

Bonus arrangements

Advising clients on the design and structure of annual bonus plans, incorporating deferral and bespoke clawback provisions.

Appointments and terminations

Representing both employers and senior management on appointments and on the impact of a termination of employment on equity awards held by a departing individual, with particular focus on the financial services sector.

Global share plans

Advising multinational clients on the employment, tax, securities and regulatory law aspects of operating its share plan in several jurisdictions.

UK advice for overseas clients

Advising various overseas clients, especially US based clients on the extension of participation in their share plans to UK employees.

More: Employee incentives


Advising clients on the application of regulations pertinent to share plans and employee incentives including the Model Code, Corporate Governance Code, AIM Rules, IMA Principles of Executive Remuneration and Listing Rules.


Advising several clients on the technical and practical implications of clawback.

Market practice

Experience of advising on best and current market practice in relation to share plan design.

More: Corporate governance 

Initial public offers

Designing and implementing the incentive arrangements for companies in the context of an initial public offering of shares including those adopted by easyHotel plc for its senior executives on its admission to AIM.

Mergers and acquisitions

Acting for both buyers and sellers on several transactions including GDF Suez on the acquisition (through a subsidiary) of the UK facilities management businesses of Balfour Beatty and separately, Lend Lease Group. 

Lovefilm on its acquisition by Amazon.

Private equity

Implementing arrangements to incentivise senior managers of investor backed clients and advising on the impact of further funding and restructurings on such arrangements.

More: Corporate

HM Revenue & Customs tax-advantaged share plans

Advising on the implementation and continuing operation and compliance of tax-advantaged share plans, including their self-certification and filing requirements.

International assignments

Advising clients on the tax and national insurance contributions treatment of salary payments where ​employees are resident in one jurisdiction but working in another.

Employee owned companies

Advising an employee owned company on the tax and other implications of its corporate structure and in particular, on the various tax advantages afforded to such entities.

More: Tax
  • Energy and natural resources
  • Funds and financial services

Soma Oil & Gas Holdings Limited

We have advised this investor backed client on its cash and share incentive arrangements, including advising on the impact on share awards of further fund raisings.

An energy storage company

We advise this client on its incentive arrangements and have recently implemented a new tax-advantaged enterprise management incentive plan.

A clean energy company

We have advised this client on all aspects of its incentive arrangements and recently we helped to adapt its equity arrangements when it ceased to be eligible to operate HM Revenue & Customs tax-advantaged share plans.

More: Energy and natural resources

Investment bank

Advising on all aspects of its remuneration and incentives including the operation of an internal market for its shares.

Asset management group

Advised on the winding up of a complex trust structure using sub-trusts and loans.

Fund manager

Implemented a complex growth share plan which operates over shares in a subsidiary linked to the value of assets managed in particular funds.

More: Funds and financial services

Latest news & insights

16 Jul 2018

From News

Stephenson Harwood advises on Piramal Imaging sale

Law firm Stephenson Harwood LLP has advised on the sale of Piramal Imaging SA to UK based medical imaging services provider Alliance Medical Group.


11 Jun 2018

From Insights

Deadline for filing Employment Related Securities (ERS) annual returns fast approaching

Annual returns must be submitted on or before 6 July 2018 using HMRC's Employment Related Securities Online Service.


01 Jun 2018

From Insights

EMI - Business as usual

HMRC yesterday issued a further bulletin confirming that Enterprise Management Incentive (EMI) arrangements will continue to operate in the same way as described in HM..


17 May 2018

From Insights

All is not lost for EMI

Good news – on 15 May 2018, the European Commission announced that it had approved the prolongation of State Aid Relief for Enterprise Management Incentive (EMI) arran..


26 Apr 2018

From Insights

GDPR – where do your share plans stand?

You should by now be well on your way to ensuring that you are able to show compliance with the General Data Protection Regulation, which applies from 25 May 2018. But..


20 Apr 2018

From Insights

Is it the end of the road for EMI?

Enterprise Management Incentive options are widely granted to employees in small and medium sized companies - the tax advantages they offer employees are the most gene..


06 Mar 2018

From News

Stephenson Harwood advises Acacia Pharma on €190 million Euronext Brussels IPO

Law firm Stephenson Harwood LLP has advised Acacia Pharma Group on its €190 million IPO on Euronext Brussels.


13 Feb 2018

From News

Stephenson Harwood advises on TruFin's £185 million IPO

Law firm Stephenson Harwood LLP has advised Macquarie Capital (Europe) Limited, as Nominated Adviser and Broker, on TruFin Plc's £185 million IPO and admission to AIM.


19 Oct 2017

From News

Stephenson Harwood advises Novacyt SA on AIM IPO

Law firm Stephenson Harwood LLP has advised Novacyt SA on its €25 million AIM IPO.


11 Jul 2017

From Insights

Extension of deadline for filing Employment Related Securities (ERS) annual returns

HMRC has announced that the deadline for filing ERS annual returns for the 2016-17 tax year has been extended from 6 July 2017 to 24 August 2017.


08 May 2017

From News

Stephenson Harwood advises on acquisition of Lavendon by Loxam

Law firm Stephenson Harwood LLP has advised European powered access market leader Lavendon Group PLC on its contested takeover by French group Loxam.


21 Dec 2016

From News

Stephenson Harwood advises Meggitt on disposal of Meggitt Target Systems to QinetiQ

Law firm Stephenson Harwood LLP has advised FTSE 250 listed Meggitt PLC in relation to its sale of Meggitt Defence Systems Limited and Meggitt Holdings Canada Inc. (to..


16 Nov 2016

From Insights

The Investment Association takes a less prescriptive stance on executive pay structures

The IA has published revised principles of remuneration together with an open letter to the Remuneration Committee Chairmen of FTSE 350 companies which sets out issues..


15 Aug 2016

From Insights

Final Report from Executive Remuneration Working Group

The Executive Remuneration Working Group has published its Final Report on its review of executive remuneration in UK listed companies. In our update in May we summari..


09 Jun 2016

From Insights

Getting the green light

The changes to the PDMR rules are forcing companies to review the way in which they operate their share plans. PDMRs will also need to consider when they can take acti..


17 May 2016

From Insights

Remuneration structures for listed companies – are they fit for purpose?

A working group of the Investment Association has published an interim report on its review of executive pay in UK listed companies.


© Stephenson Harwood LLP 2016. Any reference to Stephenson Harwood in this document means Stephenson Harwood LLP and/or its affiliated undertakings. Any reference to a partner is used to refer to a member of Stephenson Harwood LLP.