Recovery Partners GP Ltd v Rukhadze — [2025] WLR(D) 159

Recovery Partners GP Ltd v Rukhadze — [2025] WLR(D) 159

EQUITY — Fiduciary duty — Breach — Account of profits — Defendants breaching fiduciary duties by appropriating business opportunity — Claimants opting to pursue account by way of remedy — Whether defendants liable to account for profits which would have been made regardless of breach — Whether “but for” test to be applied to account of profits — Whether common law rule on account of profits outdated

UK court orders Georgian businessman Irakli Rukhadze to pay $170 million in landmark ‘commercial conspiracy’ case

In a significant legal development, the UK Supreme court has ruled against Georgian businessman Irakli Rukhadze, the owner of the Georgian pro-government TV channel Imedi, ordering him to pay $170 million for his involvement in a ‘commercial conspiracy.’ The court found that Rukhadze had been operating unchecked in the UK for years while allegedly disseminating pro-Russian […]