Singapore bunkering firm Integr8 Fuels Pte. Ltd. on 28 October successfully obtained an order from the General Division of The High Court of the Republic of Singapore against alleged confidentiality and competition infringement violations of two previous employees, according to documents obtained by Singapore bunkering publication Manifold Times.
Kim Hyung Joon joined Integr8 Fuels as Sales Director on 2 October 2020 and submitted his resignation letter on 28 June 2022; he remained on garden leave until his last day of employment on 29 September.
Han Donghoon, also known as Danny, commenced employment with Integr8 Fuels as Senior Bunker Trader on 4 January 2021 and resigned on 16 July 2022; he was serving garden leave from 26 July to 14 October.
On 22 September, the management between Integr8 Fuels and commodities trading firm Hartree Group conducted an online meeting and discovered Mr Kim and Danny planning to join its Singaporean entities, purportedly either Hartree Partners Singapore Pte Ltd or Hartree Marine Fuels, in October.
Following, Integr8 Fuels conducted an internal investigation and found Mr Kim and Danny to have allegedly breached the company’s confidentiality clauses.
Mr Kim, between June 2021 to July 2022, was found to have sent large amounts of information including pricing strategy, estimated profit & loss data, profit margins, and statistics to his personal email address via his corporate email account.
Danny, from May 2022 to July 2022, sent details of communication with KSS Line Ltd. and an email titled “RE Refineries’ MTM exposure calculation for Limits” containing market information and historical daily pricing level of Integr8 Fuels’ suppliers to his personal email using a work address.
As such, the Judge on 28 October issued a Court Order restraining Mr Kim and Danny, both unrepresented by a counsel, from being involved in any businesses competing with the activities of Integr8 Fuels until 28 March and 13 April 2023 respectively.
Both parties are also restrained from using, disclosing and/or divulging to any third-party confidential information of Integr8 Fuels.
Photo credit: Manifold Times
Published: 11 November, 2022
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