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Case details

Rukhadze and others (Appellants) v Recovery Partners GP Ltd and another (Respondents)

Case ID: UKSC 2023/0062

Case summary

Issues

Whether the current test for an account of profits (where an individual has to pay back money earned due to a breach of a duty) should be changed?

Facts

The appellants were directors of a company and as a result owed special duties to the company. In breach of those duties, the appellants took a business opportunity away from the company. The appellants were ordered to repay to the company the profits that it made from this business opportunity. The appellants dispute the need to repay their profits to the company, and how the profits to be repaid should be calculated.

Judgment appealed

[2023] EWCA Civ 305

Parties

Appellant(s)

(1) Irakli Rukhadze (2) Igor Alexeev (3) Benjamin Marson (4) Hunnewell Partners (UK) LLP (5) Hunnewell Partners (bvi) Limited (6) Park Street (GP) Limited (7) Park Street (BR) Limited (8) Park Street (GS) Limited (9) Park Street (L) Limited

Respondent(s)

(1) Recovery Partners GP Ltd, (2) Revoker LLP

Appeal

Justices

Lord Reed, Lord Hodge, Lord Briggs, Lord Leggatt, Lord Burrows, Lady Rose, Lord Richards

Hearing start date

23 July 2024

Hearing finish date

24 July 2024

Watch hearing
23 July 2024 Morning session Afternoon session
24 July 2024 Morning session Afternoon session