UK: England and Wales: employee owed fiduciary duties

The High Court gave judgment last week in IG Index Plc v Colley & Ors [2013] EWHC 478 (QB) and noted that whilst there was no general fiduciary duty owed by an employee to his employer, circumstances may arise whereby the employee owes fiduciary duties. The court held that this was so in the current case where an employee manipulated the prices being quoted by his employer, IG Index, a spread betting company.