Brewer and another (as joint liquidators of ARY Digital UK Ltd) v Iqbal

Equity – Fiduciary duty. The respondent administrator had failed in his duty of care and was in breach of his fiduciary duties in effecting the sale of the insolvent company's assets. Accordingly, the Companies Court allowed the application of the joint liquidators and held that the sum of £743,750 represented equitable compensation for the breaches of fiduciary duty.

Category: