How Fast ILA Achieved a Favourable Settlement for a Senior Banking Professional Exiting a Regulated Role
Senior Executive Dispute and Resignation in a Regulated Financial Role
Fast ILA was instructed by a senior banking professional who had resigned from their position without notice, following a high-stakes employment dispute with an international financial institution. The matter carried risk of litigation across multiple jurisdictions and included potential claims under UK and EU employment law.
The client had served in a regulated senior role and faced ongoing disputes concerning contractual, reputational, and post-termination matters including a mortgage-related dispute in a non-UK jurisdiction, which needed to be preserved outside of the settlement.
Our Role: Legal Strategy, Negotiation, and Certification of a Complex Settlement Agreement
Fast ILA provided full legal representation and advice, including:
- Detailed review of the employer’s proposed agreement
- Legal amendments to protect the client’s live legal interests abroad
- Negotiation of terms and tax treatment in accordance with ITEPA 2003
- Full solicitor certification of the settlement agreement under UK employment legislation
- Advice on regulatory disclosure, confidentiality, reference wording and indemnity protection
Key Outcomes Secured
Fast ILA successfully negotiated a robust settlement agreement that included:
- £120,000 compensation, structured as:
- £7,646.24 taxable post-employment notice pay
- £30,000 tax-free under ITEPA s.403
- £82,353.76 taxed as a termination award exceeding the threshold
- Express carve-out clause to preserve the client’s right to pursue an ongoing mortgage dispute abroad, with no waiver of those rights
- A pre-agreed employment reference, confirming position and dates only, avoiding reputational damage
- Employer-paid legal costs of £1,500 plus VAT for independent advice and certification
- A clear waiver of all UK statutory, contractual and discrimination claims, fully compliant with UK legislation including the Employment Rights Act 1996, Equality Act 2010, and others
Why Professionals Facing Employment Disputes Choose Fast ILA
Fast ILA supports senior professionals and regulated individuals in resolving employment disputes through settlement agreements, ensuring their rights are protected, risks are mitigated, and outcomes are commercially and personally favourable.
Our Services Include:
- Full review and legal advice on dispute-based settlement agreements
- Representation during negotiation or amendment of settlement terms
- Protecting ongoing litigation or cross-border claims with appropriate carve-outs
- Structuring compensation to achieve tax efficiency
- Compliance with statutory certification requirements under UK law
Book Your Fast ILA Appointment Online
If you’re involved in an employment dispute or exit, our solicitors can advise you and certify your settlement agreement quickly and securely.
Book your Fast ILA appointment using our online booking form.
