Appeal by the defendant, against an order requiring Mr Creggy to pay to the claimants the sum of US$2,305,795.68 including interest as equitable compensation for his breach of fiduciary duty in transferring in 1998 approximately US$1.2m to a Maltese lawyer. The monies came from the Swiss bank accounts of two Liberian companies, Pound Investments Inc and Glacier Investments Inc which, together with other offshore structures, were established by Mr Creggy for the purpose, as the judge found, of tax avoidance.
Sir Terence Etherton MR, Patten, Sales LJJ
[2016] EWCA Civ 1004
Bailii
England and Wales
Equity, Torts – Other
Updated: 24 January 2022; Ref: scu.570109
