Kuwait Fund Claims Immunity in Bonus Fight With Ex-Managers
Bloomberg
2/3/2021
Jonathan Browning
(Bloomberg) -- Kuwait’s sovereign wealth fund, in the middle of a lawsuit with former managers at its U.K. office, says diplomatic immunity means it can avoid handing over “sensitive” documents to the court.
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The Kuwait Investment Authority is challenging an employment claim from a former executive, Simon Hard, saying he raised salaries and bonuses while his boss was away. The fund’s London branch is appealing a “remarkable and invasive” order that it provide internal emails and investment mandates.
“The making of these orders violates both the [fund’s], and the State of Kuwait’s, rights in international law, with potential consequences for Her Majesty’s Government in the conduct of the U.K.’s international relations,” the fund’s lawyer, Dan Sarooshi, said in a legal filing for Wednesday’s hearing.