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Wood v Commercial First Business Ltd

Additional names

Business Mortgage Finance 4 plc v Pengelly

Subject Matter

AGENCY — Fiduciary duty — Secret commission

[2020] EWHC 2002 (Ch); [2021] 1 All ER (Comm) 1191, Ch D

AGENCY — Secret commission — Bribe — Borrower entering into secured loans arranged by broker — Lender paying secret commission to broker — Borrower claiming relief against lender’s assignee — Whether fiduciary relationship between borrower and broker necessary pre-condition to grant of relief

[2020] EWHC 2002 (Ch); [2021] 1 All ER (Comm) 1191, Ch D

[2021] EWCA Civ 471; [2022] Ch 123; [2021] 3 WLR 395; [2021] 2 Lloyd's Rep 644; [2021] 2 BCLC 669; [2021] WLR(D) 193, CA

Appellate History

Wood v Commercial First Business Ltd [2019] EWHC 2205 (Ch); [2020] CTLC 1, Ch D

Decision of James Pickering sitting as a deputy judge of the Chancery Division affirmed

Wood v Commercial First Business Ltd [2021] EWCA Civ 471; [2022] Ch 123; [2021] 3 WLR 395; [2021] 2 Lloyd's Rep 644; [2021] 2 BCLC 669; [2021] WLR(D) 193, CA

Wood v Commercial First Business Ltd [2020] EWHC 2002 (Ch); [2021] 1 All ER (Comm) 1191, Ch D

Decision of Marcus Smith J affirmed

Wood v Commercial First Business Ltd [2021] EWCA Civ 471; [2022] Ch 123; [2021] 3 WLR 395; [2021] 2 Lloyd's Rep 644; [2021] 2 BCLC 669; [2021] WLR(D) 193, CA

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