Pinsent Masons advises on highest value bonus claim brought before DIFC Court
17 Dec 2024 | 01:57 pm |
Multinational law firm Pinsent Masons has successfully represented Mr. Ferri-Ricchi, a foreign exchange trader, in what is believed to be the highest value bonus claim ever brought before the Dubai International Financial Centre Court of First Instance.
The dispute covered a range of ground-breaking and complex DIFC employment law issues, including the right to make deductions from bonus payments, constructive dismissal, interim injunction applications, injunctive relief, and the concept of speedy trials within the DIFC.
Legal representation was provided by Pinsent Masons’ Middle East Employment Team, led by Luke Tapp, Michael Chattle and Emma Noble, and the case was settled on the third day of the scheduled eight-day trial, with a confidential settlement amount paid to Mr. Ferri-Ricchi, along with the discharge of an earlier injunction order issued by Mr Justice Black KC.
Luke Tapp, Head of the Middle East Employment Practice at Pinsent Masons, commented: “This was a fascinating case to be involved in and is the largest and most complex employment law deductions claim that I am aware has ever been pursued before the DIFC Courts. It raises an important reminder for employers regarding the importance of precise contractual wording when agreeing employee bonus terms".
Key Contacts
Latest press releases
Show me all press releasesPinsent Masons advises on £230m plus Penta Real Estate and Staycity Group London aparthotel joint venture
Multinational law firm Pinsent Masons has advised Penta Real Estate on its investment into a landmark £230 million-plus joint venture with Staycity Group and advised the joint venture on the financing arrangements for the development, which will deliver a 350-room Wilde aparthotel in the heart of London's Farringdon district.
Pinsent Masons advises industrial manufacturers PROXMUS and Promus on the sale of their businesses to CGH Group
Multinational law firm Pinsent Masons has advised manufacturing companies PROXMUS and Promus on the sale of their businesses to CGH Innovation, one of Europe’s leading manufacturers of steel tanks and a portfolio company of H.I.G. Capital, a global private equity firm headquartered in Miami.
Pinsent Masons appoints first Co-Heads of Innovation and Transformation
Multinational law firm Pinsent Masons has appointed Head of Commercial, Clare Francis and Head of Restructuring, Stacey Bairner as its first Co-Heads of Innovation and Transformation, accelerating the firm's existing focus on embedding innovation into service delivery.
People who viewed this press release also viewed
Show me all press releasesEmployment Plus: Pinsent Masons launches enhanced employment law training and consultancy offering
Multinational law firm Pinsent Masons has today announced that the firm is integrating its Employment Law Plus and Brook Graham offerings to create a comprehensive ‘one-stop shop’ for clients’ employment law training and consultancy needs.
Pinsent Masons hires new partner Belen Lavandera to strengthen its Spanish employment practice
Pinsent Masons has continued the growth of its Spanish practice with the hire of new employment partner Belén Lavandera from Linklaters.
Pinsent Masons announces new partner hire to London employment team
International law firm Pinsent Masons has today announced that the firm has bolstered its London Employment & Incentives team with the hire of Ian Shaw from Korn Ferry.
For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on
Location contacts
Europe: [email protected]
Asia: [email protected]
Middle East: [email protected]
Australia: [email protected]