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Power to determine the duty to deal with surplus upon winding up (Icarus (Hertford) Limited v Driscoll )

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Published on: 04 December 1989
Published by a LexisNexis Pensions expert

Table of contents

  • Original news
  • What were the facts?
  • What was decided?
  • What are the practical implications of this case?

Article summary

In Icarus (Hertford) Limited v Driscoll, the High Court held that the power to augment members benefits on winding up was a fiduciary power and must be exercised as such.

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United Kingdom

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