Federal Court of Australia
Federal Court of Australia
Liberty Financial Pty Ltd v Jugovic [2021] FCA 607 File number: VID 220 of 2021
Judgment of: BEACH J
Date of judgment: 4 June 2021
Catchwords: CORPORATIONS – employment contract – finance industry – non-authorised deposit taking institution – restraint of trade clause – reasonableness of restraint – breach of restraint – interlocutory injunction – restraint on acting for potential competitor – confidential information – risk of misuse – threatened breach of equitable and contractual duties of confidence – potential contravention of s 183(1) of Corporations Act 2001 (Cth) – springboard doctrine – US doctrine of inevitable disclosure – whether US doctrine part of Australian law – balance of convenience – whether damages an adequate remedy
Legislation: Corporations Act 2001 (Cth) ss 183(1), 1324(4)
Cases cited: APT Technology Pty Ltd v Aladesaye, In the matter of APT Technology Pty Ltd [2014] FCA 966 Armstrong World Industries (Australia) Pty Ltd v Parma (2014) 101 ACSR 150 Cactus Imaging Pty Ltd v Peters (2006) 71 NSWLR 9 Dewes v Fitch (1920) 2 Ch 159 DXC Connect Pty Ltd v Deibe [2017] NSWSC 1159 Emeco International Pty Ltd v O'Shea [2012] WASC 282 Findex Group Limited v McKay [2020] FCAFC 182 Invacare Corp v Nordquist (ND Ohio, No 1:18-CV-62, 1 June 2018) Just Group Limited v Peck (2016) 344 ALR 162 Kolback Securities Ltd v Epoch Mining NL (1987) 8 NSWLR 533 Marcam Corp v Orchard, 855 F Supp 294 (D Mass, 1995) PepsiCo Inc v Redmond, 54 F 3d 1262 (7th Cir, 1995) Procter & Gamble Co v Stoneham, 747 NE 2d 268, 279 (Ohio Ct App, 2000) Re Walden Cloud Group Pty Ltd (atf Walden Cloud Group Trust) (admins apptd) (2021) 149 ACSR 637 Streetworx Pty Ltd v Artcraft Urban Group Pty Ltd (No 2) (2015) 110 IPR 54 Terrapin Limited v Builders' Supply Co (Hayes) Limited (1967) RPC 375 United States Surgical Corporation v Hospital Products International Pty Limited (1983) 2 NSWLR 157 Wilson Parking Australia 1992 Pty Ltd v Rush [2008] FCA 1601 Wilson Pateras Accounting Pty Ltd v Farmer [2020] FCA 1763 Wright v Gasweld Pty Ltd (1991) 22 NSWLR 317
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