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Company – Director. The Privy Council held that the respondents were jointly and severally liable to the second appellant mutual fund, IAMF, for dishonestly procuring and assisting IAMF's sole director and nominated investment advisor in breaches of duty towards IAMF in entering into three transactions. Consequently IAMF was entitled to recover from the respondents the face value of the cash, loans (with accrued interest) and shares it had transferred or surrendered by those transactions.
Company – Director. The Privy Council held that the respondents were jointly and severally liable to the second appellant mutual fund, IAMF, for dishonestly procuring and assisting IAMF's sole director and nominated investment advisor in breaches of duty towards IAMF in entering into three transactions. Consequently IAMF was entitled to recover from the respondents the face value of the cash, loans (with accrued interest) and shares it had transferred or surrendered by those transactions.
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Westgate Wealth Management Ltd is a Partner Practice of FTSE 100 company St. James’s Place – one of the top UK Wealth Management firms. We offer a holistic service of distinct quality, integrity, and excellence with the aim to build a professional and valuable relationship with our clients, helping to provide them with security now, prosperity in the future and the highest standard of service in all of our dealings.
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A cultural life and times
