'Chinese Walls' on the rise
19 October 2015
Babcock & Brown DIF III Global v Babcock & Brown Int'l Pty Ltd  VSC 453
An Application ("the Application") was brought to restrain a practitioner and the practitioner's current employer from continuing to act for a plaintiff (P), on a matter (a claim for damages and compensation relating to an investment made by P - "the Claim") in which her former employer was acting for the defendant (D). The grounds argued were that the practitioner was in possession of confidential information about D, obtained when she was employed by her former employer, which was relevant to the matter and which could prejudice D's interests.