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Wills & Trusts Law Reports

Shepherds Investments Ltd & anr v Walters & ors WTLR(w) 2008-05

WTLR Issue: Web Only

Shepherds Investments Limited

Shepherds (Financial) Limited

V

Andrew Walters

Mike Simmons

Mark Hindle

Alan Morgan-Moodie

Assured Fund Limited

Policy Selection Limited

INDEX   Introduction                                                                                                          …

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Counsel Details

COUNSEL

Paul Nicholls (instructed by Dechert LLP) for the Claimants

Iain Quirk (instructed by Eversheds) for the First, Third, Fifth and sixth Defendants

Toby Kempster (instructed by Spring Law) for the Second Defendant

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Case Details

Court

High Court (Chancery Division)

Judge(s)

  • Mr Justice Etherton

Neutral Citation

[2006] EWHC 836 (Ch)

Judgment date

12 April 2006

Topics

  • Former directors and employees – breaches of duty and contract
  • setting up a competing business
  • diversion of a business opportunity
  • misuse of confidential information
  • preparations for a competing business
  • breach of fiduciary duty
  • the obligation of fidelity and express contractual terms
  • implied obligation of fidelity as employees
  • Damages
  • account of profits
  • preparatory steps by a director short of actual competitive activity
  • defining actual competitive activity
  • constructive trustee
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