Springboard injunction granted following mass staff defection

• Authors:
• Kim Pattullo
• Sheila Gunn
• Blair Adams

In the case of UBS Wealth Management (UK) Limited v. Vestra Wealth LLP, the High Court has granted a springboard injunction against the newly formed Vestra Wealth LLP which had poached a large number of UBS staff. The terms of the injunction prevent Vestra from poaching clients of UBS or any more of its employees until a full trial of the issues.

Mr Scott, a former senior employee of UBS, left the company to found a new company, Vestra. He persuaded a large number of employees to join him i... (342 more words)

Information centre access is required.