| Source: | All England Reporter |
| Publisher Citation: | [2012] All ER (D) 208 (May) |
| Neutral Citation: | [2012] EWHC 1377 (Ch) |
| Court: | Chancery Division |
| Judge: | Vos J |
| Representation | Neil Kitchener QC and Jamie Goldsmith (instructed by Mishcon de Reya LLP) for the claimants. |
| The defendants appeared in person. | |
| Judgment Dates: | 23 May 2012 |
Catchwords
Equity - Fiduciary duty - Duty not to profit from position of trust - First defendant employed by second claimant bank - Bank making succession of loans to companies connected to second defendant (the RGC customers) - Bank becoming concerned by relationship between defendants - Whether first defendant having beneficial owndership interest in RGC customers - Whether, inter alia, first defendant breaching fiduciary duties to employers - Whether first defendant committing acts of bribery - Whether second defendant dishonestly assisting first defendant in commission of breaches of fiduciary duty.
The Case
Equity Fiduciary duty. The Chancery Division held that the claimants' claim would succeed in part, where the first defendant banker had been responsible for bribery and multiple breaches of fiduciary duty, and the second defendant, an associate of the first defendant, had dishonestly assisted the first defendant regarding a number of his breaches.
Practice Areas
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