Lewis Silkin – Court orders summary judgement against employer for failure to reimburse expenses incurred for the benefit of the business

Background

The Plaintiff, Anthony Mackay, was the former Chief Executive Officer of the Defendant, Chi-X Asia Pacific Holdings Limited.

Between 2015 to 2016, the Plaintiff assisted a New York based private equity firm to acquire certain business assets from Nomura. The Defendant was incorporated to hold those assets after their acquisition. In March 2016, the Defendant began operations and the Plaintiff began working for the Defendant as its CEO. However, the Defendant did not set up any bank accounts in its name at the time. As a result, the Plaintiff paid for the Defendant’s…