Courts / Ireland / Report

Fintech company ordered to pay €64k in withheld commission to salesman

Summary

In a WRC hearing, adjudicator Patricia Owens ordered fintech consultancy Bankhawk to pay €64,080 in withheld commission to applicant Ian Armstrong. Armstrong, a former sales lead made redundant in March 2024, claimed he was owed €117,680 in commission, with an agreement to pay half in late 2023 and the remainder in early 2024. Bankhawk, represented by applicant Eamon Gibney, alleged Armstrong made no sales in 2023 and attempted to use the unpaid commission as leverage to force him to sign a non-disclosure agreement (NDA) after the company failed to retain the original signed copy. The company also claimed it had overpaid Armstrong €60,000 in 2022, a position the adjudicator found not credible. Ms. Owens found clear evidence that the parties agreed on a 10% commission rate and that Armstrong's calculations were correct. She noted that Bankhawk's inability to produce a signed NDA due to poor document management procedures could not excuse the non-payment of monies owed. The adjudicator awarded €57,680 for the commission due at the end of the first quarter of 2024 and a further €6,480 for 10% commission on sales concluded before his employment ended, totaling €64,080.

Who, what, where, when and why

What: Report matter: Fintech company ordered to pay €64k in withheld commission to salesman. Procedural stage: hearing_or_decision

When:

• March 2024 Other
• March 2017 Other
• January 2024 Other
• 16 February Other
• 28 March Other
• April 2024 Hearing Or Sentence
• 11 March Hearing Or Sentence
• 2025-03-26 Publication

Case subjects

Topics

Stage Hearing Or Decision

Read the original CNI report