Privy Council Wellington
11, 12, 13, 14 October; 1 December 1999
Lord Steyn, Lord Lloyd of Berwick, Lord Hobhouse of Woodborough, Sir Andrew Leggatt and Henry J
11, 12, 13, 14 October; 1 December 1999
Lord Steyn, Lord Lloyd of Berwick, Lord Hobhouse of Woodborough, Sir Andrew Leggatt and Henry J
Equity — Fiduciary relationship — Investor seeking assistance of merchant bank to find finance for forestry and property development — Bank agreeing to protect confidentiality of information — Bank later declining to act for investors and facilitating purchase by third parties — Whether breach of fiduciary duty of loyalty — Whether breach of fiduciary duty of confidentiality.
Equity — Confidential information — Investor seeking assistance of merchant bank to find finance for forestry and property development — Bank agreeing to protect confidentiality of information — Bank later declining to act for investors and facilitating purchase by third parties — Whether misuse of confidential information.