Exercise of contractual discretion in bonus awards (High Court) | Practical Law

Exercise of contractual discretion in bonus awards (High Court) | Practical Law

In Patural v DB Services (UK) Ltd [2015] EWHC 3659, the High Court considered whether a bank was in breach of contract (both as regards express and implied terms, including the duty to exercise its discretion rationally) in awarding a financial trader a smaller annual bonus than other traders.

Exercise of contractual discretion in bonus awards (High Court)

Practical Law UK Legal Update 6-621-2960 (Approx. 7 pages)

Exercise of contractual discretion in bonus awards (High Court)

Published on 23 Dec 2015England, Wales
In Patural v DB Services (UK) Ltd [2015] EWHC 3659, the High Court considered whether a bank was in breach of contract (both as regards express and implied terms, including the duty to exercise its discretion rationally) in awarding a financial trader a smaller annual bonus than other traders.