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fiduciary dutiesaccessory liabilityconstructive trust
Grimaldi v Chameleon Mining NL (No 2) (Accessory)
[2012] FCAFC 6
Key Principle
A third party who knowingly assists in a fiduciary's dishonest and fraudulent design, or who knowingly receives property transferred in breach of fiduciary duty or trust, is liable as an accessory under the two limbs of Barnes v Addy, and equitable remedies including a constructive trust may be imposed as a matter of discretion.
Area of Law
company
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