News
18th Aug 2011
Commission and fiduciary duties: Hurstanger Ltd v Wilson distinguished
A broker was held not to be the borrower fiduciary and the lender could pay it a commission without disclosing the amount of it to the borrower. In his judgment in Sealey and Winfield v (1) Loans.co.uk (2) GE Money Secured Loans, HHJ Jarman QC distinguished the Court of Appeal decision in Hurstanger Ltd v Wilson.
William Hibbert of Henderson Chambers represented the lender GE Money.
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