29 May 2001
POST VANESSA JANE v. NOMURA INTERNATIONAL (HONG KONG) LTD.
- Citation
- POST VANESSA JANE v. NOMURA INTERNATIONAL (HONG KONG) LTD.
- Court
- Court of First Instance
- Case number
- HCA7259/1997
The Staff Handbook was incorporated into the plaintiff's contract making bonus entitlement discretionary absent a formal individually agreed plan; the plaintiff failed to prove any binding collateral or subsequent agreement to a formula-based bonus and the defendant's decision not to award a bonus was not irrational given the company’s negative results and the team’s assessed loss (including indirect and market-making costs and a 15-month bonus period); accordingly the plaintiff's contractual and alternative discretionary claims fail.