In a judgement delivered by the First Hall of the Civil Court on
28 September 2017, the court found an ex-director who was also
general manager, liable to pay €350,000 after the court found
that fiduciary obligations had been breached.
The case, instituted by the Company, revolved around an employee
who had been employed from 13 May 1982 as sales executive. In
1994, the Company was set-up and the individual was one
of the first 4 directors and was employed also as general
manager.
The employment contract contained a general prohibition on the
use of information relating to the business, management affaires,
dealings or finances of the Company. During his tenure, the
individual used to run the commercials and would negotiate with
suppliers and would have, as a result, established a relationship
with them.
On 20 November 2006, the individual submitted his resignation.
He resigned from the post of Director on 1 December 2006 and his
last day
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