There’s some serious equity argument in today’s Supreme Court decision in Stevens v Hotel Portfolio II [2025] UKSC 28, of a kind you probably only dimly remember from the third year at law school. But don’t worry. The spadework has now been done for you, and the result of the case is simple enough. If someone such as a fiduciary makes a profit that they hold on trust for you but then dissipates it, you can sue not only them but anyone else who knowingly helped them spend or invest the loot and thus deprived you of having first dibs at it … (more)
[Andrew Tettenborn, IISTL Blog, 23 July 2025]
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