“In Lehtimäki v Cooper  UKSC 33, the Supreme Court applied a hitherto unauthoritative test for when ad hoc fiduciary relationships arise. It also suggested that the scope of fiduciary obligations is wider than previously established. When their marriage collapsed, the co-founders of the Children’s Investment Fund Foundation (UK) (‘CIFF’) – Sir Christopher Hohn and Jamie Cooper – agreed that it should pay $360,000,000 to Big Win Philanthropy (‘BWP’). BWP would be the vehicle for Cooper’s future benevolence. CIFF was a charitable company limited by guarantee. Its directors were Hohn, Cooper and several third parties. Its members were Hohn, Cooper and Marko Lehtimäki …” (more)
Julius AW Grower, ‘What Does It Mean To Be A Fiduciary?’, Cambridge Law Journal, Volume 80, Issue 1, March 2021, pp 21-24. DOI: https://doi.org/10.1017/S0008197321000192.