Rukhadze and others (Appellants) v Recovery Partners GP Ltd and another (Respondents)

Awaiting judgment

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Case summary

Case ID

UKSC/2023/0062

Parties

Appellant(s)

Irakli Rukhadze

Igor Alexeev

Benjamin Marson

Hunnewell Partners (UK) LLP

Hunnewell Partners (bvi) Limited

Park Street (GP) Limited

Park Street (BR) Limited

Park Street (GS) Limited

Park Street (L) Limited

Respondent(s)

Recovery Partners GP Ltd

Revoker LLP

Issue

Whether the current test for an account of profits (where an individual has to pay back money earned due to a breach of a duty) should be changed?

Facts

The appellants were directors of a company and as a result owed special duties to the company. In breach of those duties, the appellants took a business opportunity away from the company. The appellants were ordered to repay to the company the profits that it made from this business opportunity. The appellants dispute the need to repay their profits to the company, and how the profits to be repaid should be calculated.