Australia's PEP fails in legal action against Adamantem
A legal action by Australia’s Pacific Equity Partners (PEP) to force the founders of Adamantem Capital – who previously worked for PEP – to disclose marketing materials used in fundraising with a view to establishing whether they have breached obligations to their former employer has been dismissed.
The Supreme Court of New South Wales ruled that PEP had failed to demonstrate sufficient grounds that it may have a valid claim for breach of contract. The private equity firm was ordered to pay costs....
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