18 Sept 2013
ING LIFE INSURANCE CO (BERMUDA) LTD v. TSUI CHEUNG ON
- Citation
- ING LIFE INSURANCE CO (BERMUDA) LTD v. TSUI CHEUNG ON
- Court
- District Court
- Case number
- DCCJ3642/2010
The court found on the balance of probabilities that Kenny showed and explained the complete Letter of Offer (including the claw-back provisions) and gave a copy to the defendant; the Letter of Offer constituted a separate enforceable agreement for extra remuneration (Team Manager incentives) not covering the subject matter of the IAA and therefore not superseded by the IAA's entire agreement clause; accordingly the defendant was liable to repay the Signing Fee, Monthly Special Bonus, Start Up Bonus and First Year Commission; estoppel/change of position did not apply; costs awarded on indemni…