Discover key insights from FHR European Ventures LLP v Cedar Capital Partners LLC (2014), where the Supreme Court ruled on agents' fiduciary duties and the consequences of secret commissions in commercial transactions.
Also known as:FHR European Ventures LLP v Mankarious
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🏛️ Court: Supreme Court 🗓️ Judgment Date: 16 July 2014 🗂️ Where Reported: [2014] UKSC 45; [2015] A.C. 250 📍 Jurisdiction: United Kingdom
⚖️ Legal Principles
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Fiduciary Duty and Secret Commissions: Agents must disclose commissions received during transactions; failure leads to a breach of fiduciary duty, requiring them to account for and potentially forfeit undisclosed benefits.