A costs order was to be made. The court now considered whether it should be against one defendant alone, or against all defendants jointly and severally.
Held: The court should (i) make a declaration of liability for breach of fiduciary duty on the part of Cedar for having failed to obtain the claimants’ fully informed consent in respect of the 10 m Euros, and (ii) order Cedar to pay such sum to the claimants, but (iii) refuse to grant the claimants a proprietary remedy in respect of the monies.
Judges:
Simon J
Citations:
[2011] EWHC 2999 (Ch)
Links:
Jurisdiction:
England and Wales
Citing:
See Also – FHR European Ventures Llp and Others v Mankarious and Others ChD 5-Sep-2011
The claimants sought return of what it said were secret commissions earned by the defendants when working as their agents, and the defendants counterclaimed saying that the commissions had been known to the claimants and that additional sums were . .
Lists of cited by and citing cases may be incomplete.
Costs
Updated: 26 May 2022; Ref: scu.448326
