The recent case of SPL Private Finance v Arch FP 2014 has served as somewhat of a reminder that investment managers are not always outside of the scope of fiduciary obligations, despite attempts to exclude such in contract. In particular, the decision in Arch brings some needed clarification to a topic that is generally surrounded by uncertainty. The attached document below provides a summary of the facts of the case and the key take away points that should be noted by investment managers.
Should you require any further advice or information on the above, Cleveland & Co, your external in-house counsel, are here to help.
