French banker Bertrand Lavigne, who won the illegal dismissal case filed by BNP Paribas at the Paris Court of Appeal in 2019 with compensation of approximately 4.5 million euros, must now return this money. writes about this Bloomberg.
The French Supreme Court overturned the previous decision, pointing to Lavigne’s parallel claim in the London Labor Court.
As can be seen from the decision dated March 6, Lavigne’s claims in France were considered “unacceptable” because they were “related to her employment contract with the same employer” and because the arguments were previously repeated in England. There, the French banker received a payment of £81,175, the maximum compensation under British law for illegal dismissal.
Lavigne spent 15 years as head of interest rates and foreign exchange trading in the Asia-Pacific region at BNP Paribas in London and Singapore. He was sacked in 2013 amid an investigation into possible BBSW rate manipulation in Australia. A British employment tribunal subsequently found no evidence of misconduct on her part, describing Lavigne’s professional reputation as “impeccable”.
The banker then filed a lawsuit in France, hoping for higher compensation without the restrictions imposed in England. The Paris Court of Appeal ordered BNP Paribas to pay him €2.8 million in connection with his dismissal and €1.77 million for unpaid bonuses. The justification for the decision was that Lavigne “suffered extremely serious material, professional and moral damage” due to the “unfair” dismissal.
BNP Paribas declined to comment on the Supreme Court’s latest decision. Lavigne herself did not comment. In 2014, the French bank agreed to contribute $1 million to financial literacy projects, acknowledging Australian authorities’ concerns about possible attempts by its traders to manipulate the BBSW rate between 2007 and 2010.
Before this, it was known whether employees could do it or not. fire for frequent sick leave.
Previously at Disney answered The lawsuit filed by the fired “The Mandalorian” star.