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uae-difc-cases
RAUL SILVA v UNITED INVESTMENT BANK [2014] DIFC CA 004 — wrongful dismissal and director fiduciary duties (06 November 2014)
The dispute centers on the summary dismissal of Raul Silva, the former CEO of United Investment Bank, on 25 January 2012. The bank alleged that Silva engaged in unauthorized expenditure and failed to adhere to board directives regarding the terms of employment contracts for senior staff.
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·5 min read
uae-difc-cases
RAUL SILVA v UNITED INVESTMENT BANK [2014] DIFC CA 004 — Wrongful dismissal and fiduciary duty dispute (21 August 2014)
The Court of Appeal clarifies the evidentiary threshold for summary dismissal in the DIFC, overturning a lower court ruling that failed to make necessary findings of fact regarding alleged gross misconduct.
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·5 min read