Addleshaw Goddard

UK 200 2014 position: 22

High Court enforces 12-month garden leave provision

The High Court has granted an interim injunction to enforce a garden leave clause in a stockbroker’s employment contract, so as to force him to stay at home for the duration of his 12-month notice period. In making its decision, the court was persuaded that the injunction was a reasonable way of protecting his employer’s legitimate interest in retaining its clients (JM Finn & Co Ltd v Holliday).

The employee, Mr Holliday, worked as an investment adviser for the stockbroking firm, Finn & Co Ltd (Finn). Mr Holliday was ‘embedded’ with clients and had established his own relationships.

In July 2013, after securing employment with another stockbroking firm, Mr Holliday resigned. At the time of his resignation, Finn reminded him that he was contractually obliged to give 12 months’ notice and placed him on garden leave with immediate effect. He was also reminded about his restrictive covenants and was told not to initiate contact with any client, prospective client or investment manager at the firm…

If you are registered and logged in to the site, click on the link below to read the rest of the Addleshaw Goddard briefing. If not, please register or sign in with your details below.

Sign in or Register to continue reading this article

Sign in


It's quick, easy and free!

It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.

Register now

Why register to The Lawyer


Industry insight

In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.


Market intelligence

Identify the major players and business opportunities within a particular region through our series of free, special reports.


Email newsletters

Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.

More relevant to you

To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.

Analysis from The Lawyer

View more analysis from The Lawyer


Milton Gate
60 Chiswell Street

Turnover (£m): 171.35
No. of lawyers: 598