sct 373/2022

LACWIT v LIFURT [2022] DIFC SCT 373 — Determining the effective date of termination for statutory penalty calculations (24 November 2022)

The dispute centered on the Claimant’s entitlement to equity compensation and statutory penalties following his departure from the Defendant company. The Claimant, who served as the Head of Business Development, sought the issuance of 17 Class B shares, which he argued were vested under his…