Commenting on the announcement that shadow chancellor John McDonnell will support the right of employees of a business to buy shares if the business is to be acquired, listed or dissolved Stephen Diosi, employment lawyer at Mishcon de Reya with particular expertise in employee ownership, said: "The concept of introducing employee ownership is an important one to consider as part of a successful future business strategy. However, it won't necessarily be right for all businesses, and requiring existing owners to give their employees the right of first refusal brings into sharp focus some important questions and considerations. Confidentiality around entering into sale discussions will usually be of paramount importance and companies will be highly sensitive about making their workforce aware of a potential sale. Will employees have access to the kind of funding required to enable them to buy the business? Banks will clearly need to be engaged to support such a proposal. And of course employees will need advice and support in assessing the merits of owning and running the company."