Court finds employer tried to avoid contractual bonus payment obligations
14 Mar 2025
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The General Division of Singapore's High Court recently dealt with a wrongful dismissal claim involving a Group Chief Executive Officer (GCEO) who was summarily dismissed by his employer.
The worker argued his dismissal was conducted in bad faith and was an attempt to circumvent substantial contractual payment obligations that would have become due shortly after his termination.
The worker claimed he had followed proper protocols regarding his work locations and expense claims. He maintained that he had informed the appropriate leadership about his relocations and that a process existed for the company to pay personal expenses initially and later recover them through salary deductions.
At stake was a termination bonus amounting to millions of dollars that would not be payable in cases of termination for cause. The worker argued there were no legitimate grounds for his dismissal and sought various reliefs including payment of the termination bonus, unpaid salary, allowances, and six months' salary in lieu of notice.
The worker was employed as GCEO effective from January 2021. Before this role, he was CEO of Euwax AG, a German-based financial services provider at the Stuttgart stock exchange, where he launched several cryptocurrency platforms including the Bison mobile trading platform, the BSDX web trading platform, and blocknox...
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