A quick note, a little late in the day. The
Court of Appeal gave judgment earlier in
LLB Verwaltung (Switzerland) AG v Group Seven Ltd & Ors [2019] EWCA Civ 614 and held, amongst other things, that "In the light of [
Ivey v Genting Casinos (UK) Ltd [2017] UKSC 67], it must in our view now be treated as settled law that the touchstone of accessory liability for breach
of trust or fiduciary duty is indeed dishonesty, as
Lord Nicholls so clearly explained in [
Royal Brunei Airlines v Tan [1995] 2 AC 378], and that there is no room in the application of that test for the now discredited subjective second limb of the
Ghosh test [
[1982] QB 1053]" (para. [57]).
Update (15 April 2019) - the
ICLR has published a summary: see
here.
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