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".

Latest press releases

Show me all press releases

Pinsent Masons advises Foresters Friendly Society on UK insurance business transfer

Multinational law firm Pinsent Masons has advised Foresters Friendly Society on the proposed transfer of its UK insurance business to Shepherds Friendly.

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 enters joint venture with China Commercial Law Firm

Multinational law firm Pinsent Masons has followed up the opening of a new office in Shenzhen with government approval to enter a joint venture in the Qianhai Free Trade Zone with leading Chinese corporate law firm China Commercial Law Firm (CCL).

People who viewed this press release also viewed

Show me all press releases

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.

Pinsent Masons appoints employment partner in Aberdeen

Multinational law firm Pinsent Masons has hired Gillian Harrington to join the firm’s Aberdeen office as employment partner from 6 May.

For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on

+44 (0)20 7418 8199 or 

Location contacts

We are processing your request. \n Thank you for your patience. An error occurred. This could be due to inactivity on the page - please try again.