FX Markets

Icap and CST settle dispute

CST sued its rival for “incitement of fiduciary duty”, simultaneously bringing a claim against ex-Tullett senior managers of Asia in Hong Kong, Benny Luk and Vince Wong. CST alleged that the duo conspired with Icap to poach 25 members of staff while still at Tullett (FX Week, January 24, 2005).

At the time, CST had also sought injunctive relief to prevent Icap and the two defendants from releasing information and divulging competitive sensitive information and hiring staff from CST.

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