|
|
Article: Duty of Care by Advisor to Fund can Exist in Absence of Contractual Relationship.
- Article from:
- Mondaq Business Briefing
- Article date:
- November 17, 2006
- Author:
CopyrightCOPYRIGHT 2006 Mondaq Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
In creating the web of contractual relationships when structuring a fund, commercial parties often have a fund managed or advised by a party who is in turn advised by a separate party who has no contractual relationship with the fund. This is often done to achieve tax efficiencies or when a 'white labelling' arrangement is envisaged. The recent English Court of Appeal decision of Riyad Bank & Ors v Ahli United Bank (UK) Plc passed on 13 June 2006 upheld a lower court decision that an adviser could assume legal responsibility for negligent advice which was ultimately relied on by a fund even though the fund structure was such that no contractual relationship exists between ...
Related newspaper, magazine, and journal articles:
|
|
Article: AUB remembers David Dodge, its 13th president
Al Bawaba;
July 7, 2009 ;
700+ words
...AUB remembers David Dodge, its 13th president A memorial was held at AUB on July 6 in honor of David Dodge, AUB's 13th president, who passed away in January 2009 at the age of 86. Attended by two of his daughters, Melissa and Nina, and members ...
|
|