Hili Companies Face €500K Lawsuit from Former CFO

In the heart of Malta’s business district, the Hili Companies’ headquarters in Mriehel buzzed with an unusual energy last week. The reason? A legal bombshell dropped by their former executive, David Attard, suing for over €500,000 in damages and unpaid bonuses.

Attard, who served as the companies’ Chief Financial Officer, claims he was unfairly dismissed in 2020. His lawsuit, filed at the First Hall of the Civil Court, alleges breach of contract, wrongful dismissal, and unpaid bonuses totaling €250,000. He’s also seeking €250,000 in damages for emotional distress and loss of reputation.

The Hili Companies, a sprawling conglomerate with interests in construction, property development, and hospitality, have yet to officially respond to the lawsuit. However, sources close to the company hint at a counterargument, suggesting Attard’s dismissal was due to misconduct.

Attard’s legal team paints a picture of a dedicated executive, instrumental in the company’s financial success, who was abruptly shown the door. They argue that the non-payment of bonuses, agreed upon in his contract, is a clear breach of agreement.

Meanwhile, the Hili Companies’ camp maintains that Attard’s dismissal was necessary due to serious missteps in his role. They insist that the non-payment of bonuses is justified given the circumstances surrounding his departure.

Both sides agree on one thing, though: the case is complex, with a mountain of evidence and witness testimonies to sift through. It’s set to keep Malta’s legal eagles busy for months, if not years.

As the legal battle unfolds, one thing is clear: the Hili Companies, once a symbol of Malta’s corporate success story, now find themselves in uncharted waters. The outcome of this lawsuit could set a significant precedent for employee rights and corporate governance in Malta.

Stay tuned to Hot Malta for more updates on this developing story.