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MUMBAI: The London High Court has directed Deccan Chargers
to pay damages of £10.53 million plus legal costs to
its former CEO Tim Wright for breach of contract.
Wright
had, in 2009, moved London High Court alleging that Deccan
Chargers Sporting Ventures, the parent company of Deccan Chargers,
had dismissed him unfairly thereby breaching employment contract.
Chargers
had challenged the jurisdiction of the English Court, an argument
which was rejected by the London High Court twice.
The
Judge found that Deccan Chargers had committed a number of
clear, material breaches of their obligations under Wright's
employment contract, including by failing to provide his full
salary, benefits and pension entitlements, failing to appoint
him to the Board of Directors and failing to transfer to him
an agreed equity share in the company.
Wright's
victory represents the culmination of three years of litigation.
Tim
Wright commented, "Today's judgment is vindication of
my decision not to be cowed by the bullying of a large corporation.
I am grateful to His Honour Judge Seymour QC for his judgment
today."
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