The Supreme Court gave judgment earlier today in FHR European Ventures LLP v Cedar Capital Partners LLC [2014] UKSC 45: see here (pdf). A summary of the court's decision is available here (pdf). A panel of seven justices heard the appeal; the court's judgment was delivered by the President, Lord Neuberger. The court unanimously held that bribes (or secret commissions) received by an agent are held on trust for the principal.
Wednesday, 16 July 2014
UK: Supreme Court judgment in FHR - bribes are held on trust (and subject to a proprietary claim)
The Supreme Court gave judgment earlier today in FHR European Ventures LLP v Cedar Capital Partners LLC [2014] UKSC 45: see here (pdf). A summary of the court's decision is available here (pdf). A panel of seven justices heard the appeal; the court's judgment was delivered by the President, Lord Neuberger. The court unanimously held that bribes (or secret commissions) received by an agent are held on trust for the principal.
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