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This first supplement to the 35th edition takes account of a number of major decisions, including a run of cases in the Supreme Court that have developed equitable principles in important directions. These include:
In relation to the powers of trustees, the supplement addresses two significant new decisions, being that of the Judicial Committee of the Privy Council in Dawson-Damer v Grampian Trust Co Ltd [2025] 1 WLR 3530, interpreting Pitt v Holt [2013] 2 AC 108 and explaining what Lord Walker meant by a breach of fiduciary duty; and that of the Court of Appeal in FS Capital Ltd v Adams [2025] EWCA Civ 53, on the consequences of violation of the improper purpose rule. On the appointment of receivers in support of foreign insolvency proceedings, the supplement mentions Kireeva v Bedzhamov [2025] AC 812, and in relation to the taking of accounts it covers Hubbard v Hubbard [2025] EWHC 855 (Ch).
