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 unveils enhanced employment tribunal service to address mounting claims volumes
Multinational law firm Pinsent Masons has today announced an enhanced employment tribunal proposition, Employment Tribunals Reimagined, designed to help clients manage the increasing volume of employment tribunal claims.
Pinsent Masons and Knights advise London & Quadrant Housing Trust on the sale of its PRS business
Pinsent Masons and Knights have advised London & Quadrant Housing Trust (L&Q) on the successful sale of its private rented sector (PRS) business, trading as Metra Living, in a deal valued at £1,045 million.
Pinsent Masons advises Peel Hunt on EnQuest's strategic reverse takeover
Pinsent Masons is advising Peel Hunt in its capacity of Sponsor in London Stock Exchange-listed EnQuest’s proposed $833 million acquisition of participating interests in four offshore production sharing contracts in Malaysia.
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]