Hotel Portfolio II UK Ltd & anr v Ruhan & ors [2024] WTLR 145
Spring 2024 #194This was an appeal against a decision of Foxton J ordering the second defendant to pay £102m in compensation for dishonest assistance along with nearly £60m in interest.
The first defendant had been a director of the first claimant. In breach of fiduciary duty, the first defendant had caused the first claimant to sell company assets related to several London hotels to a corporate purchaser in which the first defendant had an undisclosed interest. The sale was at an objectively reasonable market price. The purchaser later sold the hotels for a large profit (partly due to having dev...