Heart broker

A bitter dispute involving an employment contract, three coal brokers and a claimfor £2 million in damages has highlighted the importance of observing contractuallaw when hiring and firing. By James Ockenden

A mere publicity stunt. That is what some have labelledPrebon’s claimsfor damages after three coal brokers it hired broke their contracts and wentback to their original employee, Icap.

And Icap says it has no intention of recognising rival broker Prebon’s £2million claim, according to its director of corporate affairs Mike Sheard.

But Prebon is taking the matter extremely seriously – breaking contractsis against every code of business, says its chief executive Tony Verrier.

Prebon began

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Best use of machine learning/AI: CompatibL

CompatibL’s groundbreaking use of LLMs for automated trade entry earned the Best use of machine learning/AI award at the 2025 Risk Markets Technology Awards, redefining speed and reliability in what-if analytics

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here