- Remedies for breach of fiduciary duty—when remuneration forfeiture is ordered (HPOR Servicos De Consultoria Ltda v DryShips Inc)
- What are the practical implications of this case?
- What was the background?
- What did the court decide?
Dispute Resolution analysis: In an appeal under section 69 of the Arbitration Act 1996 (AA 1996), the High Court was asked to consider the circumstances when it might be appropriate to order that an agent should become liable to account for and/or forfeit its remuneration as a remedy for breach of fiduciary duty. William Day, barrister at 3 Verulam Buildings, discusses the High Court decision and its practical implications.
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