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Equity – Breach of confidence. The claimant had approached the first defendant bank (Barclays), intending to obtain financial assistance to pursue a valuable project. The claimant brought a claim for misuse of confidentiality and exclusivity agreements against Barclays and the second defendant company in respect of the project. The Chancery Division ruled that Barclays and the second defendant company had breached obligations of confidentiality by misusing confidential information for the purpose of establishing a strategic partnership between them, but had not breached the exclusivity agreements. Accordingly, the claimant was entitled to compensation of €10m.
Equity – Breach of confidence. The claimant had approached the first defendant bank (Barclays), intending to obtain financial assistance to pursue a valuable project. The claimant brought a claim for misuse of confidentiality and exclusivity agreements against Barclays and the second defendant company in respect of the project. The Chancery Division ruled that Barclays and the second defendant company had breached obligations of confidentiality by misusing confidential information for the purpose of establishing a strategic partnership between them, but had not breached the exclusivity agreements. Accordingly, the claimant was entitled to compensation of €10m.
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