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Bill Clarke wins appeal case
2009-10-02 12:53:07 | (1 Comments)
The Court of Appeal has ruled in favour of former Scotia Bank Boss Bill Clarke for his retirement package to go to arbitration.
The ruling effectively throws out an order that was made by Supreme Court Judge Horace Marsh almost seven months ago.
Justice Marsh had found that there was no agreement for the matter to go to arbitration if negotiations between the parties had failed.
Mr Clarke disagreed and took the matter to the Court of Appeal.
This morning the three-member court of appeal found that Justice Marsh erred when he dismissed Mr Clarke’s application.
The appeals court judges say the parties are bound by an agreement to take the retirement package dispute to arbitration.
It’s reported that during the failed negotiations, Mr Clarke was insistent on receiving a significantly larger package than what the bank was proposing.
As a result of the ruling this morning, Mr Clarke will get to remain in the [COLOR=blue! important][COLOR=blue! important]company [COLOR=blue! important]house[/COLOR][/COLOR][/COLOR] and keep the company [COLOR=blue! important][COLOR=blue! important]cars[/COLOR][/COLOR] assigned to him until the dispute is settled through arbitration.
Bill Clarke went on early [COLOR=blue! important][COLOR=blue! important]retirement[/COLOR][/COLOR] from Scotiabank on November 1 last year after being employed there for 40 years.
He took the bank to court in January this year after the head office in Canada informed that he should vacate the house and return the cars by January 31.
Mr Clarke’s was adamant that it would be premature for him to leave the house or give up the cars because his retirement package was not yet settled.
2009-10-02 12:53:07 | (1 Comments)
The Court of Appeal has ruled in favour of former Scotia Bank Boss Bill Clarke for his retirement package to go to arbitration.
The ruling effectively throws out an order that was made by Supreme Court Judge Horace Marsh almost seven months ago.
Justice Marsh had found that there was no agreement for the matter to go to arbitration if negotiations between the parties had failed.
Mr Clarke disagreed and took the matter to the Court of Appeal.
This morning the three-member court of appeal found that Justice Marsh erred when he dismissed Mr Clarke’s application.
The appeals court judges say the parties are bound by an agreement to take the retirement package dispute to arbitration.
It’s reported that during the failed negotiations, Mr Clarke was insistent on receiving a significantly larger package than what the bank was proposing.
As a result of the ruling this morning, Mr Clarke will get to remain in the [COLOR=blue! important][COLOR=blue! important]company [COLOR=blue! important]house[/COLOR][/COLOR][/COLOR] and keep the company [COLOR=blue! important][COLOR=blue! important]cars[/COLOR][/COLOR] assigned to him until the dispute is settled through arbitration.
Bill Clarke went on early [COLOR=blue! important][COLOR=blue! important]retirement[/COLOR][/COLOR] from Scotiabank on November 1 last year after being employed there for 40 years.
He took the bank to court in January this year after the head office in Canada informed that he should vacate the house and return the cars by January 31.
Mr Clarke’s was adamant that it would be premature for him to leave the house or give up the cars because his retirement package was not yet settled.