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Trust and trustee – Shares in company. The Chancery Division considered a claim brought by one of two employee benefit trusts linked to the company Roadchef. The claimant submitted that a transfer of shares to another employee benefit trust had been void or voidable, and/or that the transfer had been carried out in breach of fiduciary duty and in order to personally benefit H, who was the managing director, chairman and chief executive of Roadchef. The court held that, on the evidence, the transfer had been void, and that H had acted in breach of fiduciary duty.
Trust and trustee – Shares in company. The Chancery Division considered a claim brought by one of two employee benefit trusts linked to the company Roadchef. The claimant submitted that a transfer of shares to another employee benefit trust had been void or voidable, and/or that the transfer had been carried out in breach of fiduciary duty and in order to personally benefit H, who was the managing director, chairman and chief executive of Roadchef. The court held that, on the evidence, the transfer had been void, and that H had acted in breach of fiduciary duty.
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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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