"...the default position is that an executive director or a senior employee may not carry on business activities which fall within the scope of his company's business during the time when he serves as director or works as employee. The default position however changes on resignation." (Extract from judgment below)
What happens if relations between you and your fellow company directors sour to the extent that a director leaves? Can he or she immediately open up a new business in direct competition to you?
A recent High Court decision both addresses that knotty question, and highlights a quick and easy solution.