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Mr Christie was an investment banker who brought a series of claims against his former employer, Canaccord, alleging that he had been awarded unduly low discretionary bonuses and further that Canaccord had promised him a £1m retention award by way of an oral agreement.

The discretionary bonus claims having been dismissed at an earlier summary judgment application, the retention award was dismissed following a trial. The Court applied the Gestmin line of authorities when considering the reliability of oral evidence as to distant recollections. 

The court also made observations on the future development of the law of proprietary estoppel.

Thomas Croxford QC acted for the Defendant. The judgment may be found here.

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