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
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