RUKHADZE V RECOVERY PARTNERS GP LTD

[2025] UKSC 10, Supreme Court, Lord Reed, Lord Hodge, Lord Briggs, Lord Leggatt, Lord Burrows, Lady Rose and Lord Richards, 19 March 2025

Fiduciaries – No conflict rule – Whether account of profits is independent duty or remedy for other breach – Role of causation – Role of counterfactual arguments on making of profit and consent

In 2008 Badri, a wealthy businessman, died. His family sought to recover his assets from various disorganised and hidden locations, and appointed Salford Capital Partners Inc (SCPI) to provide the necessary Recovery Services on an ad hoc basis.