Article: Fiduciaries, Causation and Accounts of Profits: Rukhadze v Recovery Partners GP Ltd

The recent decision of the United Kingdom Supreme Court in Rukhadze v Recovery Partners GP Ltd deals with a wealth of issues in equity. It suffices here to touch on four – the nature of the no-profit duty, whether there is any “test” of causation for an account of profits, remedial constructive trusts, and the continuing relevance of fiduciary obligation. All four indicate how fundamental is an understanding of the nature of an account to many of equity’s doctrines and remedies.