Search results for Springboard injunction granted following mass staff defection

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Springboard injunction granted following mass staff defection

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 ...

Case | 9 Oct 2008
Reality bites: managing in a recession

...lodged claims alleging that they had been less favourably treated than older employees of NSCL who had been made redundant. NSCL conceded that they had been treated less favourably but the treatment was lawful and justified as older workers would find it harder to find new case law CASES IN bRIEf Springboard injunction granted following mass staff defection The High Court has granted a springboard injunction against a company that poached a large number of staff. 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, with 52 staff resigning on the same date in Ma...

Magazine issue | 6 Nov 2008