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Hong Kong employment law update – non-compete restrictive covenants
In Manulife Financial Asia Limited ("P") v Kenneth Joseph Rappold ("D1"), Prudential Services Limited ("D2") and Prudential Public Limited Company ("D3"), the High Court considered D1's move to join D2 as its Chief Transformation Officer ("CTO") in April 2024 and rejected P's attempt to obtain an interim-interim injunction concerning a 12-month global non-compete covenant ("Covenant").
How the Court reached its decision and what was said about the Covenant is of particular relevance to employers and human resources teams. We explain why.
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