Clarkson and Huxley settle out of court

Hong Kong: After three years fighting the world's largest shipbroker, Clarkson, has settled a legal case with one of its most high profile former employees, Tim Huxley (pictured). When Huxley left the Hong Kong office of the broker, Clarkson Asia, after more than 20 years with the firm, his former employers were aghast at his next move, setting up a ship services company, Mandarin Shipping. Clarkson felt that Huxley's move contravened the terms of his departure, the minutiae of which included a 'gardening leave'. After a bitter 38-month legal battle the two sides have agreed to an out of court settlement. No details have been revealed. While Mandarin Shipping is still a going concern, Huxley has since taken the reins as chief executive at Wah Kwong Maritime Transport Holdings. [06/10/09]