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Company Law

Analysis - guidance - compliance

20 DEC 2013

INVIDEOUS LIMITED AND OTHERS v THOROGOOD AND OTHERS [2013] EWHC 3015 (Ch)

Chancery Division

Rose J

11 October 2013

ROSE J:

I.  INTRODUCTION

[1]        These claims arise out of an allegation that the First Defendant, Mr Thorogood, at the time he was a shareholder in and director and employee of the First Claimant, Invideous Ltd, acted in breach of his duties to Invideous Ltd in various ways.  The main allegation is that he took advantage of lucrative business opportunities which came his way during his work for Invideous Ltd and which he should have pursued on behalf of that company.  Instead, he pursued them on his own behalf through the vehicle of the Second Defendant, NOVP Doo-Skopje, a company incorporated in Macedonia or the Fifth Defendant, NOVP LLC, a company incorporated in Delaware, USA. 

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