UK: Non-Compete Restrictions For Employee Shareholders
Employers will often include restrictive covenants in employment contracts to ensure their business interests are protected when an employee leaves.
Where the employee is also a shareholder, there may be similar restrictions contained in a separate shareholder’s agreement.
The Commercial Court recently considered an application by Ideal Standard International NV (Ideal Standard) for an interim injunction to restrain an employee shareholder from breaching a non-compete clause in a shareholder’s agreement, which the employee argued had been […]