Employment Dispute of Chad Holm

Employment Dispute of Chad Holm

Mr. Carson Wen, the Founder and Chairman of Bank of Asia (BVI) Limited and the Chairman of the Sancus Group of companies, while also a CEO of Financial Holdings (BVI) Limited (“FHL”) which was established by Sancus, has filed the Notice of Appeal with the Privy Council in UK on the ongoing employment dispute with Chad Holm, a former employee of FHL. Mr. Wen stresses that Bank of Asia is not a party to the proceedings and is not in any way affected by this dispute. Mr. Wen also expressed that he would continue to pursue all legal options to set the record straight. In addition, in October 2016, FHL filed proceedings against Chad Holm and two co-defendants for breach of contract, breach of trust and breach of fiduciary duties in Hong Kong High Court. Although the legal proceedings are continuing, it is of vital importance to state that Chad Holm’s claim of unpaid wages was false and without concrete evidence. Visit https://en.prnasia.com/releases/apac/bank-of-asia-s-founder-carson-wen-appealed-to-privy-council-in-uk-on-employment-dispute-with-chad-holm-305371.shtml  to know more about this dispute.