Credit Suisse First Boston (Europe) Ltd v Lister [1998] IRLR 700 CA

Transfer of undertakings: Regulations made restrictive covenant negotiated by transferee with transferor's employee unenforceable

Date:

15 January 1999

A covenant entered into by an employee of the transferor of an undertaking with the transferee that he would not join a competitor for three months after termination of his employment was unenforceable by virtue of the Transfer of Undertakings Regulations, holds the Court of Appeal in Crédit Suisse First Boston (Europe) Ltd v Lister.