Representative Matter

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International

Owners of an offshore family trust

Representing the owners of an offshore family trust in a claim against the managing director of a company owned by the trust for breach of fiduciary duty. He misused his powers as director to vote in favour of himself 70 percent of the shares in a Portuguese company, which owns development land worth €70 million. An injunction was obtained to restrain him from dealing with the shares and the shares were ultimately transferred to their rightful owner. Jurisdictions: England, Portugal, Isle of Man