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Over $3.1m awarded to finance veteran for wrongful dismissal, likely a Singapore record
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Three Fins was contractually obliged to pay Mr Hoeptner a bonus of about US$2 million at the end of two years of work, except if he was terminated for cause.
ST PHOTO: KUA CHEE SIONG
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SINGAPORE – A High Court judge has ruled that the 2022 dismissal of a German cryptocurrency executive by his then employer was wrongful, awarding him a seven-figure payout after a legal tussle of almost two years.
Justice Chua Lee Ming awarded damages of over US$2.4 million (S$3.1 million) in Mr Alexander Hoeptner’s favour on Sept 23 for the suit brought against Three Fins.
