United Kingdom fiduciary dutiesaccount of profitsdisgorgement

Recovery Partners v Rukhadze

[2023] EWCA Civ 305

JurisdictionUnited Kingdom

CourtCourt of Appeal (Civil Division)

Year2023

StatusBinding authority

Key Principle

A fiduciary who profits from a business opportunity in breach of the no-conflict / no-profit rule must account to the principal for the whole of the profit so made, subject to the court's discretion to allow an equitable allowance for the skill and work expended in generating it.

Area of Law

General

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TNLC & Anor v Gambling Commission & Ors [2026] EWHC 891 (TCC)

Aabar Holdings S.A.R.L. and others v Glencore Plc and others [2026] EWHC 877 (Comm)

Waterside Class Limited v Mowi ASA & Ors [2026] CAT 32

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