View Full Version : Company Bond questions

16-11-2008, 07:17 PM
Hi all,

I'm in need of educated / professional advice.

I joined this company X a few years ago. X sent me on training for about 6 weeks to UK and had me sign a bond letter stating a sum to payback in the event i left the company within the stipulated period.

My current basic salary is approx 2.4k per month (excluding accreditations + benefits)

I put in my resignation recently with 5 months of the bond period to complete.

Now, X has frozen my salary as they CANNOT DECIDE whether to make me pay the full sum of the initial bond amount or the pro-rated amount( remaining 5 months). X is unable to decide as of now because they have recently hired lawyers just for this purpose( to chase up bond repayments).

My questions are:
1) Can X withhold my salary until their lawyers come up with 'a new policy'?
2) What can I do if i refuse to pay the full amount seeing that I have completed 3/4 of the stipulated bond period.
3)Since X company is not governed by our labour laws, who can i go to for legal advise at a 'not so high cost'
4) How would i know the bond is legally binding?
5) Can any of the X new policies apply to a the bond i signed 2 years prior to their appointing of new lawyers?

Your feedback is most appreciated. THanks

18-04-2009, 09:19 PM
It reminds me of some of my Petronas scholar friends who did not wish to join the company upon completion of their degrees...they purposely "screw up" the interview(s) and are "free man" when the 1 year period is up !

For you, if you think you are "suffering" in this company, try to "under perform" and negotiate in this manner that it is actually "gainful" for the company to release you prematurely.