High Court Orders Dews Pro Builders to Pay $89,855 to Ex-CEO Over Dispute

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Dews Pro Builders Limited must pay former CEO Christopher Martin about $89,855 after the High Court ruled that deducting his February–June 2021 salary from his share redemption payment was improper. The dispute originated from a February 19, 2021 agreement in which Martin agreed to redeem 2,500 shares for over EC$4 million and step down, while still receiving his monthly $22,500 salary during the transition. Despite Martin’s active role during this period, the company later deducted his salary payments—arguing they were erroneously made—without informing him they would count toward the share price. The ruling also mandates interest at 3% from June 21, 2021 until judgment and 5% thereafter until full payment.

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