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Interpretation of non-compete covenant: meaning of "interested in" - Egon Zehnder Ltd v Tillman [CA] 21.07.17 (Unreported)

A non-compete covenant which provided that an employee should not be "interested in" any business carried on by a competitor had the effect of preventing an employee from becoming a shareholder in a competitor for a period of six months following their termination. That was impermissibly wide and in unreasonable restraint of trade.
Category: Employment » Contracts of employment; Restrictive covenants. Keyword(s): Severance. Area(s) of law: Employment; Litigation; Corporate and Commercial Law.
Source: [2017] EWCA Civ 1054.

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