“In Lehtimäki v Cooper [2020] UKSC 33, the Supreme Court applied a hitherto unauthoritative test for when ad hoc fiduciary relationships arise. It also suggested that the scope of fiduciary obligations is wider than previously established. When their marriage collapsed, the co-founders of the Children’s Investment Fund Foundation (UK) (‘CIFF’) – Sir Christopher Hohn and Jamie Cooper – agreed that it should pay $360,000,000 to Big Win Philanthropy (‘BWP’). BWP would be the vehicle for Cooper’s future benevolence. CIFF was a charitable company limited by guarantee. Its directors were Hohn, Cooper and several third parties. Its members were Hohn, Cooper and Marko Lehtimäki …” (more)
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Julius AW Grower, ‘What Does It Mean To Be A Fiduciary?’, Cambridge Law Journal, Volume 80, Issue 1, March 2021, pp 21-24. DOI: https://doi.org/10.1017/S0008197321000192.
First posted 2021-03-31 09:45:26
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