A - Admission
11/3/15
McWILLIAM v NORTON FINANCE (UK) LTD [2015] EWCA Civ 186
A credit-broker had acted in breach of fiduciary duty in a loan transaction in which the existence of some but not all commission had been disclosed to the borrowers. It did not matter whether the broker was acting in an advisory or non-advisory capacity. The court below had been wrong to allow the broker to withdraw an admission that it had received the additional undisclosed commissions.
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