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Reda V Flag Ltd
''Reda v Flag Ltd'' [2002UKPC 38is a case from Bermuda law, advised upon by the Privy Council, that is relevant for UK labour law and UK company law concerning the dismissal of a director. Facts Mr Reda and Mr Abdul Jalil were senior executives of Flag Ltd in Bermuda and had contractual rights to the employee benefit schemes and pay linked to the chief executive’s. Their contracts also said they could be terminated with or without cause. A new chief executive was appointed on a higher salary and they were asked to waive their right to their contracts to be linked. They declined and they were then terminated. Flag Ltd then established a management share option scheme. Flag Ltd wished to have a declaration about the sums due to the directors. Advice Bermuda Courts The judge held that the termination of their employment was to prevent them becoming eligible so they should be paid the linked salaries and because they were in fact entitled to reasonable notice they got the options ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Judicial Committee Of The Privy Council
The Judicial Committee of the Privy Council (JCPC) is the highest court of appeal for the Crown Dependencies, the British Overseas Territories, some Commonwealth countries and a few institutions in the United Kingdom. Established on 14 August 1833 to hear appeals formerly heard by the King-in-Council, the Privy Council formerly acted as the court of last resort for the entire British Empire, other than for the United Kingdom itself.P. A. Howell, ''The Judicial Committee of the Privy Council, 1833–1876: Its Origins, Structure, and Development'', Cambridge, UK: Cambridge University Press, 1979 Formally a statutory committee of His Majesty's Most Honourable Privy Council, the Judicial Committee consists of senior judges who are Privy Councillors; they are predominantly Justices of the Supreme Court of the United Kingdom and senior judges from the Commonwealth of Nations. Although it is often simply referred to as the 'Privy Council', the Judicial Committee is only one cons ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
