William 'Bill' Clarke, retired president and chief executive officer of Scotiabank, will know next week Thursday if his retirement package will go to arbitration.
Supreme Court Judge Horace Marsh reserved his decision yesterday after hearing legal arguments in chambers from lawyers representing Clarke and the bank.
Clarke, who is being represented by attorneys-at-law Dr Lloyd Barnett and Keith Bishop, is contending that because his retirement package was not settled before he left the bank, it was decided that the matter should go to arbitration.
The bank, which is being represented by John Vassell, QC, is claiming that there was no such agreement and therefore the terms of reference were not settled.
Clarke is also seeking court orders to bar the bank from evicting him from the house and repossessing the two motor cars which were assigned to him. He wants to remain in possession of them until his retirement package has been settled.
A consent order between the parties allows Clarke to remain in possession of the house and motor cars until the judge makes his ruling.