Law360, New York (November 4, 2010, 12:43 PM EDT) -- Georgia has long been one of the most difficult states in the country to enforce restrictive covenants. All that changed on Nov. 3, 2010, when Georgia voters approved a constitutional amendment giving effect to a statute regarding restrictive covenants which was originally passed in 2009. The new Restrictive Covenant Act dramatically changes the enforceability of restrictive covenants in employment agreements entered into on or after the act’s Nov. 3 effective date.
Prior to the act, Georgia courts enforced restrictive covenants on a case-by-case basis,...
Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.