Thursday, August 13, 2015

Banking on the Wrong Bank

Inquirer's Biz Buzz wrote of a board room war being carried out at the National Labor Relations Commission. "A lady executive formerly tasked with making this foreign bank look good has now turned into the same bank's worst PR nightmare locally in what's shaping up to be a costly legal battle." The issue is the tricky matter of constructive dismissal, after said employee "getting her separation package and executing the quit claim." The NLRC case was filed two years later.

Some afterthought! As they say, change is the only constant- fear of quit claim receivers.

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