United Kingdom account of profitsbreach of fiduciary dutyjoint ventures

Murad v Al-Saraj

[2004] EWHC 1235 (Ch)

JurisdictionUnited Kingdom

CourtHigh Court of Justice, Chancery Division (Etherton J)

Year2004

StatusBinding authority

Key Principle

A fiduciary who makes an unauthorised profit from his position must account for the whole of that profit to his principal, and it is no answer that the principal might have consented or would have entered the transaction anyway had full disclosure been made.

Area of Law

General

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