EMPLOYMENT - FIDUCIARIES - CONTRACT - Breach by employees of fiduciary and contractual duties of loyalty - conflict of interest and duty - employees divert business opportunities of employer to themselves during employment - liability for damages, equitable compensation or for account of profits.
CORPORATIONS - EMPLOYEES - Fiduciary duties of employees of a corporation - duties imposed on employees of corporation under s.182(1) Corporations Act - liability of employees of corporation for fraudulent diversion of business opportunities of corporation under s.176A Crimes Act - principles discussed.
EXEMPLARY DAMAGES - Whether the law in Australia permits the award of exemplary damages for breach of fiduciary duty - principles discussed.
Acts Cited:
Case Details
Citation[2002] NSWSC 33
CourtNSWSC
JurisdictionNew South Wales
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