Sheikh Mohamed Bin Issa Al Jaber has lost a case in the UK Supreme Court (UKSC) against liquidators who claimed he was in breach of fiduciary duties to an offshore company of which he was director. The UKSC unanimously rejected the Sheikh’s argument that he could not owe fiduciary duties because he had no relevant powers under British Virgin Islands law at the time of the alleged breach, and that a de facto fiduciary can owe fiduciary duties only where they have legal title to, or possession of, property (Mitchell v Sheikh Mohamed Bin Issa Al Jaber, 2025 UKSC 43).
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