Take the Bad with the Good
Greg Vincent, Partner, Corporate and Commercial
The recent case of Keystone Healthcare Limited and another v Parr looked at the issue of "bad leaver" clauses, with the High Court finding that a director was in breach of his duties after selling his shares and setting up a competitor company triggering bad leaver provisions in the shareholders' agreement. Greg summarises some of the key things to bear in mind when a company is considering the use of leaver provisions within its shareholders agreement and/or articles.
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