Bishop v 3i Investments plc

Commercial contract – Construction. Court of Session: Dismissing a reclaiming motion an action by a pursuer who, during his employment with the defenders became a partner and invested money in seven limited partnerships designed to reward employees and provide them with performance incentives, and who on leaving the defenders' employment was told he was a 'competing leaver' in terms of the partnership agreements and therefore only entitled to restricted payment for his share in each partnership, the court held that the Lord Ordinary had reached the correct conclusion for the correct reasons when he decided that the pursuer was not a 'competing leaver' and granted declarator that he was an ordinary leaver.

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