Fri, 24 May 2013
Thu, 23 May 2013
Exploit the power of digital with The Lawyer Acumen
The Lawyer Acumen is a comprehensive online resource giving everyone in the legal market real-time business intelligence on the sector.
26 July 1999
11 May 1996
16 July 2012
26 July 1999
27 October 1998
An injunction has been upheld against a former Linklaters and CliffordChance lawyerbeing sued for allegedly misusing confidential information inthe Cayman Islands.The 27May injunction restrains Ann Nealon, who left the Cayman IslandsStock Exchange (CSX) aweek before as chief executive, from disclosingconfidential information about eightprevious stock exchange clients.Nealon's lawyers' challenge to the ruling failed lastweek.Nealon worked at Linklaters until 1993. She qualified as a solicitor atCliffordChance in 1985, and left in 1986.The two-year-old CSX has 180 listings with a marketcapitalisation of$160bn (u100bn). Securities listed on the exchange are traded onLondon'sinternational equity market.Chief Justice of the Cayman Islands Anthony Smellieordered that the banshould last for a year.The CSX claims Nealon gave confidentialinformation to her new employers,law firm WS Walker & Co in the Caymans, before andafter she started workthere on 12 July.Cherie Booth QC of 4-5 Gray's Inn Squarerepresented Nealon, and AngusFoster of WS Walker & Co advised the defendant. Booth hasbeen replaced byMichael Douglas QC of 4 Pump Court.The CSX is advised by Jeremy McMullenQC of Old Square Chambers, andAndrew Bolton, a partner at Hunter & Hunter based in theCaymans.McMullen says: "Nealon has a case to answer. If you take secrets and givethemto someone else it is breach of contract."Nealon has filed a counter suit against theCSX for unfair dismissal. Sheclaims the exchange refused to accept her resignation,sacked her and fileda gagging order.
View All Related Briefings
Subscribe to The Lawyer today and get all the latest news stories, both domestic and global, and analysis of the legal sector.
A subscription includes:
The latest legal news, opinion, analysis, jobs and events. Wherever you are, whenever you need it.
Let us help you with an integrated approach to mobile and online advertising.
Site powered by Webvision