Friedman Kaplan Attorneys Publish Article on Delaware Decision Striking Down Restrictive Covenants
Lance J. Gotko, Asaf Reindel, and Yaara Shchori Ben-Harush
The Hedge Fund Law Report
March 23, 2023
The Hedge Fund Law Report has published an article written by Friedman Kaplan attorneys Lance J. Gotko, Asaf Reindel, and Yaara Shchori-Ben Harush describing a recent Delaware Chancery Court decision (Ainslie v. Cantor Fitzgerald, L.P.) in which the Court found unenforceable non-competition and non-solicitation covenants contained in a partnership agreement. The article discusses the key holdings of the decision as well as practical considerations for fund managers.
The full text of the article can be accessed below.