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06 September 2024 / Peter Knox KC , Adam Riley , Remy Choo
Issue: 8084 / Categories: Features , Company , In Court , Copyright
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Line(s) of duties: directors & accessory liability

188092
In a landmark decision, the Supreme Court has changed the law on directors’ duties. Peter Knox KC, Adam Riley & Remy Choo explain
  • Sets out the facts in Lifestyle Equities CV and another v Ahmed and another, as well as Lord Leggatt’s views on directors’ duties, accessory liability, and orders for account of profits.
  • Also explains the Supreme Court’s consideration of and adoption of the Singapore Court of Appeal’s reasoning in PT Sandipala.

On 15 May 2024, the United Kingdom Supreme Court handed down its long-awaited decision in Lifestyle Equities CV and another v Ahmed and another [2024] UKSC 17, [2024] All ER (D) 60 (May). This article breaks down some of the main points arising out of this landmark decision.

High Court

The respondents in the appeal were two companies (Lifestyle). Lifestyle brought proceedings against some 16 defendants claiming remedies for the infringement of registered trade marks and passing off. The group of defendants included two family-owned companies, Continental Shelf 128

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NEWS
Talk of a reserved ‘Welsh seat’ on the Supreme Court is misplaced. In NLJ this week, Professor Graham Zellick KC explains that the Constitutional Reform Act treats ‘England and Wales’ as one jurisdiction, with no statutory Welsh slot
The government’s plan to curb jury trials has sparked ‘jury furore’. Writing in NLJ this week, David Locke, partner at Hill Dickinson, says the rationale is ‘grossly inadequate’
A year after the $1.5bn Bybit heist, crypto fraud is booming—but so is recovery. Writing in NLJ this week, Neil Holloway, founder and CEO of M2 Recovery, warns that scams hit at least $14bn in 2025, fuelled by ‘pig butchering’ cons and AI deepfakes
After Woodcock confirmed no general duty to warn, debate turns to the criminal law. Writing in NLJ this week, Charles Davey of The Barrister Group urges revival of misprision or a modern equivalent
Family courts are tightening control of expert evidence. Writing in NLJ this week, Dr Chris Pamplin says there is ‘no automatic right’ to call experts; attendance must be ‘necessary in the interests of justice’ under FPR Pt 25
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