Agents for a prospective company who made secret profits out of a contract made by the company were held to be ‘trustees for the company’ of those profits
Judges:
James, Baggallay and Cotton LJJ
Citations:
(1877) 6 Ch D 371
Jurisdiction:
England and Wales
Cited by:
Cited – FHR European Ventures Llp and Others v Cedar Capital Partners Llc SC 16-Jul-2014
Approprietary remedy against Fraudulent Agent
The Court was asked whether a bribe or secret commission received by an agent is held by the agent on trust for his principal, or whether the principal merely has a claim for equitable compensation in a sum equal to the value of the bribe or . .
Lists of cited by and citing cases may be incomplete.
Company, Equity, Agency
Updated: 06 May 2022; Ref: scu.551500