Ghosn Ordered by Dutch Court to Repay $6 Million to Nissan
- Court says former executive lacked formal employment contract
- Ghosn plans to appeal ruling that was rendered without hearing
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Carlos Ghosn was ordered by a Dutch court to pay almost 5 million euros ($6 million) to a local unit of Nissan Motor Co. in one of the first rulings arising from the global legal battle between the fallen auto executive and his former employer.
The former chairman has “no right to fair compensation, transitional compensation or arrears of salary” since no employment contract existed between him and Nissan-Mitsubishi BV, an Amsterdam-based joint venture called NMBV, the district court in the Dutch capital said in a ruling Thursday. The amount covers net remuneration Ghosn received from April to November 2018, the court said.