September 20, 2025Trusts & TrusteesOpen Access

The nature of the fiduciary ‘No Profit’ rule—Recovery Partners GP Ltd v Rukhadze Part 2

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The decision highlights how the no profit rule operates within fiduciary duties.
The Supreme Court's analysis demonstrates significant divisions in legal interpretation.
Professor Lionel Smith's work further contextualizes the no profit rule's application.
Discussions address the broader implications for fiduciary responsibilities in law.

Implication

Supreme Court divisions reveal complexities in the fiduciary no profit rule, highlighting implications from Smith's Law of Loyalty.

Abstract

An examination of the divisions in the Supreme Court in Recovery Partners GP Ltd v Rukhadze [2025] UKSC 10, [2025] 2 WLR 529, regarding how the fiduciary ‘no profit’ rule works—including the impact of Professor Lionel Smith’s book The Law of Loyalty (OUP 2024).

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David Wilde (2025) studied this question.

synapsesocial.com/papers/68d469ba31b076d99fa66057 https://doi.org/10.1093/tandt/ttaf070

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Implication

Supreme Court divisions reveal complexities in the fiduciary no profit rule, highlighting implications from Smith's Law of Loyalty.

The nature of the fiduciary ‘No Profit’ rule—Recovery Partners GP Ltd v Rukhadze Part 2

Key Points

Implication

Abstract

Discussion

Cite This Study

The nature of the fiduciary ‘No Profit’ rule—Recovery Partners GP Ltd v Rukhadze Part 2

Key Points

Implication

Abstract

Discussion

Cite This Study

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