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The High Court, in a supplemental judgment arising from a case concerning breach of fiduciary duties: (a) dismissed the claim of one plaintiff due to lack of evidence of a contractual nexus with the defendants; (b) orders the principal defendant to provide an account of profits from a student accommodation scheme; (c) orders other defendants to accounts for profits proportionate to the principal defendant's shareholding interest; (d) dismisses the claim against some of the defendants; and (e) makes orders as to costs arising from the foregoing orders.
fiduciary duty, breach, student accommodation scheme, Gardiner Street Scheme, accounting for profits, disgorgement, Carrowmore defendants, costs, Legal Services Regulation Act 2015, Rules of the Superior Courts (RSC), constructive trust, indemnity principle, legal practitioner and client costs, party and party basis, Legal Costs Adjudicator.
Note: This is intended to be a fair and accurate report of a decision made public by a court of law. Any errors should be notified to the editor and will be dealt with accordingly.
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