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What is Boardman V Phipps about?

Boardman v Phipps is a landmark case decided by the House of Lords on November 3, 1966, addressing fiduciary duties and conflicts of interest in trust law. The court held that Mr. Boardman, a solicitor for a family trust, and beneficiary Tom Phipps breached their duty of loyalty by purchasing shares without fully informed consent from all beneficiaries, resulting in a requirement to account for profits made. The majority ruled that while they were liable for the profits, they could retain remuneration for t

Author

oozing1o1

Language

EN